Local banks in stress test "within normal range"

BusinessEconomy ♦ Published: July 13, 2010; 00:00 ♦ (Vindobona)

OeNB Governor criticizes EU Commission: State aid procedure too long - debt reduction, dampening the economy Austria's banks performed within "the normal range, in midfield," the Governor of the Austrian National bank (OeNB) and Governing Council memb

Local banks in stress test "within normal range" / Picture: © Vindobona.org

OeNB Governor criticizes EU Commission: State aid procedure too long - debt reduction, dampening the economy

Austria's banks performed within "the normal range, in midfield," the Governor of the Austrian National bank (OeNB) and Governing Council member Ewald Nowotny said on Tuesday in Brussels. He emphasized, that stress tests "are always linked directly to the provision of…