It is definitly an amasing thing.... Last night, listening to the radio, a french university teacher, a financial specialist, to explain the EU stress test were designed to check if a new crisis, Lehman style, was to occur knowing the states and public powers had shot all their amunitions and were no more in a situation to intervene the way they did, would the financial system endure a new shock of this scale.
That said, Common Sense leads to conclude, well, any bank that needed some form of bail out when the Lehman crisis surged is in need of more capital to face the next one, should a new one to show up, to at least be in the same situation it was when the state offered the needed capital it borrowed to face the crisis, the "state" being in a situation it can't no more do what it did then, its sovereign debt level preventing a new bail out of that scale?
Agree or disagree and Explain.
Knowing that among the EU banks in need of a bail out to face the 2008 financial crisis, the french bank BPCE has not been able since to repay the loan it then received, has not in anyway raised its capital or improved its balance sheet and has surprisingly passed the stress test, what does it tell you of the stress test worse scenario retained?
Explain.
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