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Telegraph Article: Europe Serves Up Another Charade On Bank Stress Tests.

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Europe serves up another charade on bank stress tests.

Anyone familiar with the Byzantine complexities of European policymaking would not have been surprised to learn that the latest round of EU bank stress testing is going to be – well, about as testing as the last one, which famously found both Allied Irish Banks and Bank of Ireland to be perfectly solvent.

Grim stuff. No one wants to admit how bad things REALLY are. :angry: :angry:


Edited by eric pebble
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