Analysis: European banks' stress tests are a qualified success:

07/25/2010 | Economist (free content), The

There was always going to be some quibbling about Europe's stress tests on banks but, although certainly not perfect, they accomplished most of what they were supposed to do, according to The Economist. They put doubt about many banks to rest, but some "borderline banks" passed by such a slender margin that they aren't likely to regain the confidence of financial markets. "Though the announcement was timed for after European [stock markets] had closed for the weekend, the initial reaction on the foreign exchanges seemed to confirm this: no panic, just a continued nervousness," The Economist notes.

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Economist (free content), The

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