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Stress Tests in the EU The Triumph of the Financial World's Lobbyists

The European stress tests failed to reveal much about the true state of the banks scrutinized. In order to prevent future crises, politicians in the EU are pushing for tough new financial sector regulations. But the financial lobby is extremely powerful.
The London headquarters of the Committee of European Banking Supervisors, which carried out last week's stress test of Europe's major banks.

The London headquarters of the Committee of European Banking Supervisors, which carried out last week's stress test of Europe's major banks.

dpa
Translated from the German by Josh Ward