One out of six fails the exam. These are not statistics referring to the maturity tests, but to the test on the capital solidity of banks promoted by the European Banking Authority (EBA). According to banking sources, the EBA will announce that 15 institutions risk not being able to reabsorb the losses deriving from a crisis such as the Greek one. Detailed results will be published on 13 July.
On the list of defendants appear Greek, Portuguese, Spanish banks and, perhaps not surprisingly, German intermediaries. Among the Italians, the five examined in the sample should pass the test. 91 European banks have received the directive from the EBA to indicate a figure on potential losses deriving from exposure to Greece and other sovereign debt securities. The probability of a Greek bankruptcy has soared in recent weeks, due to the revision of the ratios by Moody's and Standard & Poor's. In fact, the calculation of the losses in the financial statements considers both the probability of a Greek default and the actual default loss which falls on all the assets held by the bank.
