According to the stress test of the Committee of European Bank Supervisors(CEBS), 22 major European banks would withstand a fall back in economic growth, a downfall of real estate prices and a major rise in unemployment in 2009 and 2010.
These test results are a reason for cautious optimism, claims Jean-Claude Trichet, chairman of ECB, because the assumptions of the test were rather strict. If this situation would occur, the banks would lose over 400 billion euro, but there would still be enough capital left. This is largely due to the capital injections European governments were forced to perform but because of the improvement of the expected returns as well.
Stijn Gillis
De Tijd
2 opmerkingen:
no would in if-clause!
final part of the last sentence is not clear - for the rest, this is a good text
(GJ)
...
If this situation should occur, the banks would lose over 400 billion euro, but there would still be enough capital left. This is largely due to the capital injections European governments were forced to perform, but also thanks to the improvement of the expected returns.
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