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Wed 07 Jul 2010Ministers still divided over bank stress tests
EUROPEAN FINANCE:EU FINANCE ministers admitted lingering divisions over the scope of stress tests on 91 key banks as they pledged “maximum transparency” when the first results are published on Friday week.
European economics commissioner Olli Rehn repeated the view that the EU’s €500 billion share of the €750 billion rescue fund for distressed euro countries could be tapped as a last resort to recapitalise banks found wanting in the tests.
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