After a period of f waiting and speculation, the stress results are out and were generally at the upper end of the projections. The results were the sign the market needed. No one can argue that the results confirmed the resilience of the European banking sector.
The European stress tests carried on banks representing 65% of the total banking sector in Europe showed a strong sector. Only seven banks failed to pass the test. Those banks will need to raise 3.5 billion euros of capital, which is also far less than the average expected by analysts.
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