| Abstract: | The Committee of European Banking Supervisors released better-than-expected stress test results on July 23 for 91 European banks,whose combined assets account for 65 percent of all European banks.About 84 banks passed the stress test and are able to maintain a core capital adequacy ratio of 6 percent.The positive result has pulled togethe the global stock and currency markets.But Zhang Monan, a researcher at the State Information Center,said the seemingly rallied financial market is unsustainable and that t... |
