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Vast majority of EU banks pass “stress tests” (AP)

FILE -An  Oct. 5, 2008 file picture showing the logo of the Hypo Real Estate bank in Berlin, Germany.  Markets were on alert Friday July 23, 2010 , waiting for regulators to finally publish their investigation into the financial health of Europe's banking sector. The goal of the tests is to allay market fears that the banks are in trouble after a global recession and the discovery that many European countries were carrying too much government debt. German financial supervisors say the nationalized lender Hypo Real Estate Holding AG is the only German bank to fail the European stress test. (AP Photo/Michael Sohn,File)AP - All but 7 of 91 European banks passed the much-anticipated “stress tests” aimed at showing Europe’s banking system is sound enough to weather the continent’s debt crisis — an outcome that officials hoped would forestall further market turmoil.


Tags: banks, majority, tests, pass, stress, Vast

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