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Banks-Stress Test - Friday evening moment of truth
At 6pm the Association of European Banking Regulators publish the result of the test of 91 European financial institutions. In Austria, Erste Bank, RZB and Bank Austria will be tested.
Banks-Stress Test - Friday evening moment of truth / Picture: © Vindobona.org
On Friday evening there will be a clearer picture of the crisis resistance of European banks.
Three crisis scenarios will be tested: An economic decline of three percent, rising unemployment and a decline in the value of government bonds. In Spain, 27 banks are under scrutiny, in Germany 14, Greece 6, and in 5 in Italy. Failure means that the core capital of an institution falls…
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