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Saturday, 17 July 2010 |
Banks in the European Union has been given the ultimate stress test in the recent years, whereby the 2008 economic turmoil sent shockwaves of disastrous financial performances in the region.
And according to several sources, it seems that EU banks performed fairly well in the stress test, whereby only 7 out of 91 banks failed to withstand the financial shocks caused by the recent economic meltdown.
Of course, such performances by European banks reflect the overall stability of the financial policies in the region. And with banks continue to withstand the financial shocks that are heading towards them, I’m pretty sure that they are able to get through such difficult circumstances.
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