A Great Day For European Banks?

Is today a great day for European banks or is it not. The results of the endurance test incurred by most European banks will be announced as scheduled, but it is doubtful whether anything will change in the European banking market after it. The political leadership of European countries is facing the tests as a necessary evil which they must suffer, but state that it is good to get through quickly enough without individual losses. However, political factors are not the only one who will influence the shaping of the outcome. On the other side of the tunnel of the markets some people are looking for victims.
In practice, this means that those involved in the functioning of the market are not merely posed to accept the response which will be served by the cooks, in regards to how everything is going well in the European banking system. The markets have registered with the attitude that one effect will smooth out the differences and will give no dividing lines which are likely to negate the wider acceptance of the results and would not allow benchmarking waiting.

The question that arises is whether domestic banking will be affected from this game. There is no doubt that Greek banks are healthy. They managed to stay intact during the crisis in the global banking system to avoid any exposure to ‘toxic ‘ financial products. Furthermore, they have made moves to adjustments, restructurings and expansions within and outside Greece.