Oct
29

Borderline Banks

euroThe ECB’s stress test of the largest Eurozone banks found that 25 of 150 failed. Hardly inspiring. Moreover, there’s no indication any of these banks will soon boost lending. That said, if these results raise confidence enough to begin to pave the way for a single Eurozone banking union where banks are judged on their balance sheets and not that of their governments, it will have been worthwhile.

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