Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Shifts in the propaganda war waged between Israelis and Palestinians

Read more

IN THE PAPERS

French MPs face quandary in pro-Palestinian rallies

Read more

THE INTERVIEW

Yezid Sayigh, Senior Associate at the Carnegie Middle East Center in Beirut

Read more

#TECH 24

Mind the Gender Gap : getting more women into the tech sector

Read more

INSIDE THE AMERICAS

Bolivian children: heading to work aged 10

Read more

WEB NEWS

Israel and Hamas battle online over public opinion

Read more

FOCUS

Can Chancellor Merkel's winning streak last?

Read more

FOCUS

Hunger in a fertile land...

Read more

DEBATE

Nigeria: One Hundred Days and Counting (part 2)

Read more

  • Live: Air Algérie flight missing over northern Mali

    Read more

  • ‘Many’ French passengers on board missing Algerian plane

    Read more

  • Iraqi parliament elects moderate Kurd as president

    Read more

  • Sudanese Christian woman sentenced to death arrives in Italy

    Read more

  • No end to fighting until Israel ends Gaza blockade, Hamas says

    Read more

  • Two foreign women shot dead in western Afghanistan

    Read more

  • At least 60 killed in attack on prison convoy near Baghdad

    Read more

  • Cycling is ‘winning the war on doping,’ says expert

    Read more

  • Ceasefire agreed for Central African Republic

    Read more

  • Can Jew-kissing-Arab selfie give peace a viral chance?

    Read more

  • In pictures: Thousands march for Gaza peace in Paris

    Read more

  • France charges Swiss bank UBS with tax fraud

    Read more

  • Israel faces heightened diplomatic pressure as Gaza violence rages

    Read more

  • Botched Arizona execution takes nearly two hours

    Read more

  • Bomb attacks leave scores dead in north Nigeria

    Read more

Europe

French finance minister says European banks are ‘solid and healthy’

Text by News Wires

Latest update : 2010-07-05

French Finance Minister Christine Lagarde said the stress tests of European bank's capacity to withstand shocks, which will be published on July 23, will show European banks are "solid and healthy".

AFP - So-called stress tests of European banks' capacity to withstand shocks will be published on July 23 and show the sector is "solid and healthy", the French finance minister said Sunday.

"Around July 23 the results of the stress tests will be published," Christine Lagarde told journalists on the sidelines of Rencontres economiques conference in the southern French city of Aix-en-Provence.

"You will see that banks in Europe are solid and healthy."

In the face of investor concerns about the health of the European banking sector, EU leaders agreed last month to publish the results of stress tests in July.

The tests, which have since been broadened out to cover some 100 European banks, are supposed to show whether banks have enough capital to absorb heavy losses triggered by economic or financial shocks.

Financial markets have been unable to shake off concerns that some European banks' balance sheets are burdened by bonds from Greece, Spain and Portugal, which have lost significant value over the course of the ongoing debt crisis.
 

Date created : 2010-07-04

  • EU

    French finance minister rejects Germany’s short-selling ban

    Read more

  • EURO ZONE

    France and Germany push for hard line with Greece

    Read more

  • ECONOMY

    France's Lagarde tops FT ranking of European finance ministers

    Read more

COMMENT(S)