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Page last updated at 08:31 GMT, Saturday, 24 July 2010 09:31 UK

Banks' stress test 'very wooly'


Small regional banks in Spain, Germany and Greece have failed the "stress tests", which assessed whether they would need to raise capital against future losses in the event of a new recession.

Cass Business School's Peter Hahn and economist Graham Turner discuss the biggest issue: sovereign debt.

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