Stress tests by the European Banking Authority found BMPS would have the most difficulty covering its loans of 51 of Europe's banks. » Read More
The results of EU stress tests on 91 banks are expected to be published Friday. Here is some country-by-country information on the banks:
The EU is faced with a dilemma: if the stress tests are too lenient they would lose their credibility and if they are too harsh they would potentially scare investors.
Friday at noon, New York time, 91 banks in Europe will reveal how strong they would be if the region went back into recession over the next two years and the sovereign debt they hold plunged in value.
The Swiss economy has not only recovered from the global recession of 2009 but so far also coped well with the recent spike in an already strong currency.
The financial crisis might have sapped Europe's growth for a long time, and there are fears that the slowdown is permanent, Polish central bank governor Marek Belka told TVN CNBC Tuesday.
The market is set for a strong earnings season with corporate guidance giving a clear indication that surprises will be on the upside, according to Saxo Bank.
This will still be a sunny summer for stocks, according to the chief investment officer of Swiss private bank Sarasin, Burkhard Varnholt.
Investors do not see Portugal's rating downgrade by Moody's as an event that will shake the markets, but it confirms the fact that the outlook for the euro zone is still cloudy.
Moody's slashed Portugal's credit rating by two notches to A1, citing a deterioration of the country's debt ratios and weak growth prospects, the ratings agency said Tuesday.
The worry has to be that if policy makers make a mess of these stress tests, then they could achieve exactly the opposite effect that they were hoping for and drive Europe back in to chaos. Let us all pray that they get it right.
Europe has to "tame that huge, slightly ignorant but extremely powerful force … what you would call the bond market vigilantes" to save the euro, a Nobel economics laureate told CNBC Thursday.
The EU should act like the Fed and get ahead of the curve recapitalizing banks before the stress tests, one former regulator said.
As Silvio Berlusconi’s government calls for a vote of confidence over his unpopular €25 billion ($31.45 billion) austerity package, Roger Bootle and his team over at Capital Economics are questioning whether the country holds great danger for the euro zone.
The Monetary Policy Committee is not set to raise the base rate from its current 0.5 percent level until the second quarter of 2011, according to a poll of economists conducted by Reuters last week. But is the MPC any clearer about the UK economic outlook than the rest of us?
If the European banks get credible stress tests and people believe in them, there will be "earning power," H. Rodgin Cohen said, adding, "once there is credibility, you can raise capital."
For the first time in months, Wall Street trading desks are turning more bullish on the Euro and not betting against the currency, according to people familiar with the matter.
Bond markets are a bubble waiting to burst because the world economy is facing even worse problems after central banks flooded markets with cash to try to get out of the crisis, famous investor Jim Rogers told CNBC Thursday.
European banks stress tests are not as important for investors as the need for Spain to calm down market jitters about its banks, Jim O'Neill, head of global economic research at Goldman Sachs, told CNBC.
The violence in recent Greek protests is not just confined to that country and investors should price in civil unrest brought on by austerity, Philippa Malmgren, president of Principalis Asset Management, told CNBC Wednesday.
The European Central Bank loaned banks 131.9 billion euros ($161.4 billion) at its 3-month lending auction Wednesday, below expectations, sending the euro higher against major currencies.