Europe's bank stress tests

No schadefreude, I do not have an opinion and lack substance because I'm here to learn. The only thing I'm doing is rightfully questioning your credibility as you are in-fact repeatedly posting information, and perhaps pestering or, even more alarmingly, influencing others. This is supposed to be a sophisticated site, or so I thought; perhaps setting up a personal blog is better suited for you. There, others who share your opinions can get their fill, and we don't have to go through the trouble of carefully sifting through the commments section, trying to avoid reading yours. I assume, however, that if there were people interested in your professional economic opinions and predictions you would be working for an organisation and not spending half your day on these boards. Also, I'm Canadian thanks.

J.T. Hardt

And your value added would be Herrn J.T. Hardt? I see now substance in your writing besides casting stones. Where is your input? I am sorry you cannot form an opinion. Perhaps its that you have no opinion but you just want to throw stones. Es tut mir sehr leid Herrn J.T. Hardt. I can see you "schreibt man das" my alias. You know what they say about yelling into a forrest. What will you write when die Linke & Grune parties make your decisions soon? What then herrn J.T. Hardt? Du nicht verstehen? Am i making myself clear? klar? fine.

Schadefreude,
Take some pills, take a moment, take a deep breath, and for god's sakes, take your time before you post. There is no reason you should be posting this many times, with this utterly pointless financial doomsday rhetoric. You seem so hectic you even misspelled your alias... We all know economic times are tough; hence we read the economist, but when we read comments we want to see the opinion of the masses, not one guy who has a hard on for playing up economic drama. Two posts is plenty; we get your point.

For all the poor Germanz who are enslaved by their Government & terrible Banks, I leave you with a famous German saying:

"None are more hopelessly enslaved than those who falsely believe they are free."

onlinetree

And i never predicted a black friday so please dont put words in my mouth.
Your the reaper of doom because you are German.
Your banks will go under. Its only a matter of time...

pnlinetree

If you would smart, you would realize that the "euro would from now on fall and eventually crash."

Since the tests revelaed nothing, the "wolfpack" and "spekulators" will come back against the Euro. These "wolfpack" and "spekulators" you ask are? German Banks.

Euro will go to parity now. You have been warned not only once, but twice.

Schadefreude
How comes this hasn't turned to a black friday as you predicted?? The whole week I have waited for friday to come and markets to crash! Fortunately, this time I did not invest so much in your 'insider' tipp as the last time when you said about one month ago that the euro would from now on fall and eventually crash. I lost a fortune that time..you should seriously question the sources you get your information from!
But as I could read from your latest posts, since the crash has not occured so far, it is only postponed (...).

I dont trust you with that, it would be the third time you give tipps that turn out f-f-f-alse!

These "stress Tests" only looked at Trading Book losses. The Markets will undoubtingly come for more blood beginning Monday. For more details and the Goldman Sachs Report, go to:

http://www.zerohedge.com/article/european-interbank-liquidity-worst-augu...

German finance Schäuble minister read the 1984 do-it-yourself manual and learned a lot from Dr. Goebbels just stating: This stress test will have significant good impact on economy - improve trust...

Gegenteil ist der Fall
Opposite is true

Only a remark to the article, the 5th spainsh "banks" that have failed the test, are really "savings banks", which distribute their revenues on social activities. Not any sapanish Bank(as we know across Europe)have failed the test, further more, Santander and BBVA have obteined almost the best results

Sahit Muja: "The UN highest court decision is a big victory for Kosovo's
independence".
The United Nations' highest court says Kosovo's declaration of independence
from Serbia did not break international law.
The nonbinding opinion sets the stage for a renewed push by Kosovo for
further international recognition of its independence.
Reading the opinion Thursday, International Court of Justice President
Hisashi Owada said international law contains no "prohibition on declarations
of independence."
Kosovo sparked sharp debate worldwide when it seceded from Serbia in 2008,
following a bloody 1998-99 war and nearly a decade of international
administration.Serbia must recognize Kosovo as an independent country.
Slobodan Milosevic and his henchmen waged four wars of aggression in
Southeast Europe in the1990s, resulting in the forced expulsion of four
million Bosnians, Croats, Albanians, and Roma and the murder of more than
350,000 men, women, and children, including at least 10,000 Kosovar Albanians
3,000 of whom have not yet been found at the hands of Serbian forces.
After so many wars and hundreds of thousands of lives lost in the Balkans,
Serbians and Albanians must live in peace and become part of the European
Union family.
It is in the best interest of Serbia and the Serbian people to recognize
Kosova as an independent country.
Having a good relationship with their neighbors will improve the lives of
Serbians and Albanians.
The fact is that Albania, Kosova, Macedonia, Montenegro, the lands where
Albanians live, is one of the richest in natural resources in the world.
With hundreds of billions of dollars worth of minerals.
There is a huge potential in energy supply, there are mountains, rivers,
lakes and beaches that can be used to improve the economy of the entire
Balkans.
The Albanian population is one of the fastest growing in the world and this
is a huge factor in economic development.
Our future is in the European Union family .
Illyria , Illirians, Albanians have 5000 years history in Kosovo in Albania.
Kosovo is not Serbian land. Serbians emigrated from Russia in 6th century.
The area of Kosovo in the Neolithic lay within the areal of the Vinca-Turdas
culture (Western Balkanic black and grey pottery
The Bronze Age begins in ca. the 20th century BC, and the Iron Age begins in
ca. the 13th century BC. Bronze and Iron Age tombs have been found only in
Metohija, and not in Kosovo.
The area comes to lie within the eastern parts of the kingdom of Illyria in
the 4th century BC, bordering on Thrace. At the time, it is inhabited by the
Thraco-Illyrian tribes of the Dardani and the Thracian tribe of the
Triballi.Illyria was conquered by Rome in the 160s BC, and made the Roman
province of Illyricum in 59 BC.
The Kosovo region became part of Moesia Superior in AD 87 alternatively was
divided between Dalmatia and Moesia, a view which is supported by
archaeological evidence. Upper Moesia was reorganized further by Diocletian
(after 284) into smaller provinces, being further divided into Dardania,
Moesia Prima, Dacia Ripensis and Dacia Mediterranea.
The Dardania?s capital was Naissus. Roman province of Dardania included
eastern parts of modern Kosovo, while its western part belong to newly formed
Roman province Prevalitana with capital in Doclea.
Justinian I, who assumed the throne of the Byzantine Empire in 527, oversaw a
period of Byzantine expansion into former Roman territories, and re-absorbed
the area of Kosovo into the empire. He is often referred to by historians as
the last ?Roman? emperor because Latin was his native tongue and because
he was the last emperor to make a serious attempt to reunite the
Latin-speaking West with the East.
The Slavic migrations reached the Balkans in the 6th to 7th century. The area
was absorbed into the Byzantine empire in the 850s.
Kosovo is the land of Illiria, Albanian Land.
Sahit Muja
President & Ceo
Albanian Minerals
New York

dunnhaupt

I am afraid the results of these tests will only raise more questions and the markets will signal out those with problems and attack. Taking the currency and bund yeilds along with them. The purpose of the test was to do exactly that, reveal "transparency". What this partisular test did was show the "lack of transparency" and the very thing the markets were looking for in European banks (e.g. sovereign debt holdings, real estate) were not revealed. Heck, even the landesbanks had their "own means" of testing seperate from the other banks tested today. This means very bad news for many small & middle sized banks. Schade

These stress tests and nothing are the same thing....

The sum total of merely 3.ooo.ooo.ooo Euro seems suspiciously small. Warren Buffett keeps that much in petty cash. Sometimes a result that appears too good to be true, really is. But the main purpose of the exercize was to rekindle the confidence of Europe's banks in each other. Time will tell whether that was accomplished.

90 bn - 3.5 bn = "lack of transparency"

This is what i feared most. Now the banks, the currency and sovereign debt will take a worse hit by the markets. The lack of anything revealed only raises more questions by the markets. States will have to step in and shut banks down now that "were not on the liste" but should have been. I only see bigger funding problems and higher taxes. Schade

whom are you kidding????

Analysts estimated that these banks would be any where from 30 to 90 billion euro's short on capital but in reality, they were only 3.5 billiob euro. The real question is how were they so off the mark??

The market analysts can exaggerate potenial losses by over 8 times (on the low end) and this is not even discussed!?

http://online.wsj.com/article/SB1000142405274870329490457538494054452258...

The tests have already been debunked as giving no new information. The euro-zone is going to take a hit, though now doubt it will all be explained as an Anglo-Saxon conspiracy.

On the upside, 2Q results for the UK shows GDP is on the up.

This stress testing and reporting should be routine. Will it take another crisis to become so?

Let see what will happen next, but my bet is , in the middle term ( 12-36 months), European Union will be stronger in governance.