Anyone can pass the so called stressful test (and 84 banks did) but you know what takes real skill and should be publicly applauded? Failing what's currently being described as a nice little spa getaway upstate.
"I see nothing stressful about this test. It's like sending the banks away for a weekend of R&R," said Stephen Pope, chief global equity strategist at Cantor.
The winners hail from Germany (Hypo Real Estate), Greece (ATE Bank) and Spain, which took home home a whopping five medals (Unnim, Diada, Espiga, Banca Civica, and Cajasur). Congrats to all.
Bank Of Spain: 4 Cajas Groups Need EUR1.835 Bln From FROB [WSJ]
Seven Banks Fail Europe's Stress Test [Reuters]
