euro stress tests could come early

S

S2007S

Does this stress really make any difference, I think they are just trying to calm everyone and keep the markets as stable as possible. I think these tests are pretty much manipulated. What are the chances that at least 30-40% fail. The condition this global economy is in and you would think its guaranteed that at least 75% would fail but that is no way near happening.



Euro bank stress test results
could still come early: sources Reuters - 1 hr, 22 mins ago FRANKFURT/BERLIN
(Reuters) - Results of pan-
European bank stress test
could be published earlier than
originally planned, but no final
decision has been made yet, several sources familiar with the
matter said on Thursday. The Committee of European
Banking Supervisors (CEBS)
has said it planned to publish
results of the test, which tests
the financial health of 91
Euorpean banks, at 1600 GMT (12 noon EDT) on Friday. The final timetable may become
clearer later on Thursday, the
sources said.
 
Don't we already know the results ... a few of the less-then-well politically connected will be thrown to the wolves, the euro will go through the roof, and equity markets will rally by about 2%. Nothing to see here, move along.
 
How about a sell-on-the-news effect on the EURUSD?

The ECB is so clumsy in regard to it's public communications that it might trigger a selloff if people doubt the credibility of the tests.
 
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