12 Jul 2010

Europe’s Stressed Banks

Daniel Gros

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In his latest Commentary, CEPS Director Daniel Gros continues to champion the publication of stress tests for all systematically significant banks, given their persistent state of undercapitalisation and high degree of interconnectedness. In light of the European Central Bank’s’ exposure to the most troubled eurozone countries, he also suggests that it too needs to be tested in the interest of macroeconomic stability.