Some industry analysts said although EU officials are trying to push the recently revealed stress-test results for banks as the end of the story, questions remain. "Even if concerns over counterparty risk were to subside in response to the test results, market participants would be unwise to assume the tests had demonstrated that the banking system was soundly based and free from threats to its stability," said Stephen Lewis, chief economist at Monument Securities. "No stress tests could, in principle, achieve that result."

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