EU to publish bank ‘stress tests’ / ‘Shared sense of direction’ at EU summit

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Series Details 18.6.10
Publication Date 18/06/2010
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Europe’s leaders made a fresh attempt to restore confidence in its financial system with a decision at the European Council, Brussels, 17 June 2010 to publish detailed results of tests on the health of 25 big European banks.

The so-called 'stress tests' initiative was approved at the European Union summit, where the leaders also united behind a call for a general levy on European banks to ensure they contributed to the cost of overcoming the financial crisis.

Article and related links also discuss other results from the European Council summit.

Related Links
BBC News, 17.6.10: EU to publish bank data in drive to calm markets
ESO: Background information: Berlin agrees to disclose bank 'stress test' results
European Council: Press Release: PCE/10/13: European Council, Brussels, 17 June 2010. Presidency Conclusions
Deutsche Welle, 17.6.10: European leaders agree to call for global banking tax,,5696738,00.html
EurActiv, 18.6.10: Britain wins opt-out from EU 'economic government'
EurActiv, 18.6.10: EU leaders put transactions tax back on G20 agenda
EurActiv, 18.6.10: EU countries to publish bank stress test
EurActiv, 18.6.10: EU to introduce concept of 'dynamic debt'
France24, 18.6.10: Leaders agree to introduce national bank taxes
Spiegel Online International, 18.6.10: Setbacks for Merkel at the European Union Summit,1518,701471,00.html
PressEurop, 18.6.10: Economic governance will have to wait

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