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

Banks' stress test 'very wooly'

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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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