The Wall Street Journal Reports

Written June 9, 2009 at 12:01 AM EST by  

Obama administration wants Europeans to put their banks through more rigorous public stress tests – WSJ

- The Obama administration believes that the tests will help to ensure that the institutions will survive if the economy moves from bad to worse.
- US Treasury Sec Geithner is expected to discuss the issue in Italy later this week during closed-door meetings with finance ministers from the G8.

**Note: European banking and finance authorities have rejected claims that their financial institutions need to be subjected to stress tests; On May 13th, German Fin Min Steinbrueck called US bank stress tests “worthless”

No Responses to “The Wall Street Journal Reports”

Add a comment