KBC and Dexia passed the exam on the stress tests but NBGr, Commerzbank and Credit Agricole go into minus

Dexia and KBC have passed stress tests

In brief: European banks pass stress tests. Moody's to low lowered Ireland credit rating.

Belgian financial group KBC and the Franco-Belgian banking group Dexia (DEXI) successfully passed the stress tests. Tests that are carried European analysts showed that KBC, Dexia, the National Bank of Greece (NBGr), Commerzbank (CBKG) and Credit Agricole (CAGR) look worse than their larger competitors, but do not fall to dangerous levels.

Lowering the rating of Ireland is not much affected by the euro. Moody’s Investor Services lowered Ireland credit rating, citing its decision to increase the debt burden of countries, weak growth prospects and the high cost of the cost of rebuilding the banking system. Economic data from Europe have been good. The trade surplus amounted to euro-zone in May 2010 totaled 4.4 billion euros ($ 7.5 billion), according to a report of the European statistical agency Eurostat. In April the same period amounted to 5.6 billion euros.

Ukrainian Globalist
2010-07-20 00:15, Economics.

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