The 22 most important European banks now possess an amount of capital that should be large enough to face a new period of low economic growth according to stress tests.
Jean-Claude Trichet, chairman of ECB, supposes there could be a regression with several percentages, an augmentation of unemployment above 10% and a larger decrease of real estate prices spread over the years 2009 and 2010.
The amount of capital in the 22 most important European banks was brought about an improvement of expected yields and injections of capital by the government.
The European bank could make a loss of about 400 milliard Euro if such a situation arises, but there should be enough capital left.
Dieter Van Den Broeke
http://www.tijd.be/nieuws/economie-financien/Banken_sterk_genoeg_volgens_stresstests.8239838-600.art
1 opmerking:
Good single focus but too man accuracy problems at this level
S2: of the ECB
S2: supposes - reckons
S2: fall/regression by
S2: decrease in
S3: was brought about by
S3: capital injections
S4: billion euros
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