A Meaningless Report Europe's Stress-Free Stress Test Fails to Make the Grade

The Europe-wide banking stress tests published on Friday returned the expected -- and desired -- result. But, as many economic experts see it, the test was useless because it was too simple, too easy to cheat on and tested the wrong things.
The New York Stock Exchange simply ignored the results of stress test conducted on banks in Europe on Friday.

The New York Stock Exchange simply ignored the results of stress test conducted on banks in Europe on Friday.

Foto: BRENDAN MCDERMID/ REUTERS