EU backs more rigorous bank stress tests from Feb.

- Politics, Business, Civil, History - Posted: 7th Dec, 2010 - 3:54pm

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Business - European Economy
Post Date: 7th Dec, 2010 - 3:54pm / Post ID: #

EU backs more rigorous bank stress tests from Feb.

EU backs more rigorous bank stress tests from Feb. (AP)
European Business News

European Central Bank President Jean Claude Trichet, during a round table meeting of the eurogroup at the EU Council building in Brussels on Monday, Dec. 6, 2010. European nations were under pressure to commit more money to help stabilize the euro, as finance ministers gathered in Brussels to find ways to fight the debt crisis that has rocked the currency bloc. (AP Photo/Virginia Mayo)AP - The EU conceded Tuesday that its previous bank stress tests were not stringent enough, as it confirmed that it will start a new round in February, while the continent's strongest economies bet they can sort out the region's debt crisis without the need to top up bailout funds.



Source: Yahoo! News: Business - European Economy

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