au-contraire; i considered that the stress-tests would likely, once again, be considered worthless, and that once this was confirmed that euro banks would take a clobbering. the tests being intended to 'demonstrate' the fundamental health of the european banking system in the face of new shocks.
run the graph from the 18th July to the 18th of August, watch the drop:
http://www.stoxx.com/indices/index_i...ml?symbol=SXXP
http://www.marketwatch.com/story/hol...ope-2011-08-18
what was you question about the german fiscal optimum?“Banking stocks have been decimated across Europe, with indiscriminate selling even in banks that maintain their exposure to the crisis is slim,” said Will Hedden, sales trader at IG Markets. “No sector is surviving this tidal wave of selling, and the fact that financials are first in the firing line will only lend support to the anti-short-selling-ban camp.”
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