EU officials meeting to arrange stress test reports
EU officials will this weekend meet to discuss the details of the forthcoming banking stress test reports which will be announced over the next few weeks. These tests will highlight strength in the European banking system and bring some of the largest names in the financial world into the spotlight. Will these stress test reports help investors?
The idea behind the stress test reports is to highlight that the European banking system is not on its knees and there is hope for the future. This move comes just weeks after speculators hit the European debt markets calling into question the future of the European Union. What began as a "small" problem with the Greek budget suddenly mushroomed and infected many other areas of the European Union. Indeed there are still concerns about the Irish economy which many believe is on the verge of collapse and will need significant financial assistance in the short-term.
On the downside, the publication of these banking stress tests will not only highlight strong banks but they will also highlight weaker banks. Investors are certain to move towards stronger financial institutions, but where would this leave the weaker companies in the financial sector?
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