27.10.2014 - The results of stress tests did not affect the mood of investors

The results of stress tests of European banks are uneven. Thus, the European Central Bank and the European Banking department checked 123 largest banks in the European Union. According to the audit, 13 banks must urgently increase their assets worth about 10 billion euros. ECB gave them 2 weeks to plan the capital increase. The remaining problem banks have already started to build up the necessary capital. Stress tests were conducted in 28 countries of the European Union in the banks, which account for about 80% of the EU banking system. After checking in the ECB stated that the banking system will be able to overcome new financial crisis. Despite this, the Eurozone economic indicators remain weak, and the growth of liquidity leads to a drop in the euro. We maintain a medium-term negative outlook for the euro and European stocks.

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