Debt deals set to follow stress tests / Stress tests fail to rescue Europe’s banks

Article suggest that the publication of European banks’ stress test results on the 15 July 2011 could lead to a wave of distressed debt deals, according to investment bankers and restructuring experts.

In a commentary feature by Nicolas Véron the writer says that financial services cannot be integrated with institutions guaranteed by fiscally sovereign national governments.

ESO: Background information: German banks attack publication of stress test data / EU states working on ‘backstops’ for banks http://www.europeansources.info/record/german-banks-attack-publication-of-stress-test-data-eu-states-working-on-backstops-for-banks/

EBA: EU-wide stress testing http://www.eba.europa.eu/risk-analysis-and-data/eu-wide-stress-testing

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