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Thursday, July 22, 2010

Tomorrow Is Stress Test Day

The EU have asked 91 banks based in the EU to show how much additional capital they would need in the event that economic conditions worsen over the next two years, or in the event of a "sovereign shock".

The results will be published tomorrow.

Despite the fact that some countries are hinting that their banks have passed, analysts have cast doubt on the rigour of the tests.

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