Europe's stress test ignoring default scenario

Written by Simon Tilford, 23 July 2010

But Simon Tilford of the Centre for European Reform says Europe's stress tests are ignoring one scenario that seems very real "the ability of the banks to cope with a sizable restructuring slash default in Greece and/or other eurozone member states". He says national defaults remains likely, but that isn't being tested.

Link to press quote:
http://marketplace.publicradio.org/display/web/2010/07/23/europes-stress-test-ignoring-default-scenario/

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