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A health check on European banks

A health check on European banks
By Euronews

<p>Are banks ready to take on the real economy? What do the <a href="http://www.garp.org/media/1271931/day_1_11.20_keynote_piers_haben_022814.pdf" rel="external">stress tests</a> carried out by the European Banking Authority (<span class="caps">EBA</span>) tell us about the state of the banking system?</p> <p>In this edition of Real Economy, Maithreyi Seetharaman speaks to <a href="https://www.eba.europa.eu/-/eba-video-on-the-eu-wide-stress-test" rel="external">Piers Haben</a>, Director of Oversight at the <span class="caps">EBA</span>. Is the banking union now sufficiently prepared for potential future crises?</p> <p>In Italy, Guillaume Desjardins is at the world’s oldest bank; incidentally, among the worst performers in the stress tests. He and <a href="http://www.econ-pol.unisi.it/~reno/" rel="external">Roberto Renò</a>, Associate Professor of Mathematical Science at Siena University, discuss the impact the tests have had on the real economy.</p> <p>Finally, Gianni Magi heads back to the future in Madrid, Spain. There, he joins President of the Spanish Banking Association (<span class="caps">AEB</span>), José María Roldán. Together they explore the possible consequences on European economies, should the worst-case scenarios contemplated in the stress tests actually play out.</p> <p>Watch the full report above.</p>