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Whatever happened in the backrooms, events got a strange own dynamic. If the Spanish drive to publish the stress tests was a retaliation, it went further than intended with Barroso talking about the expansion of stress tests to smaller banks after the European Council meeting. He follows demands first voiced by the Bundesbank's boss, yet this expansion would cover the really problematic banks of both countries, that is the savings banks in Spain and the state banks in Germany (and the associations of the latter are still against the publication).

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sun Jun 20th, 2010 at 12:38:42 PM EST
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