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Al Jazeera Reports that Most European Banks were Pass Stress Test

July 24, 2010 By Leave a Comment

euro stress test

As investors continue to worry about the strength of Europe’s economy, seven out of 91 banks have failed a stress test, meaning they would collapse if there was another downturn.

The European Union said on Friday that test results confirm the overall resilience of the continent’s banking system. The real test, however, could come in the weeks ahead as the financial world decides about the results and credibility of the tests.

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