HRE’s grim stress test

The word on the street (ok, the FT is reporting this one) is that Hypo Real Estate is going to fail at least part of the stress test currently underway. Full results are due out in a couple days. Over 90 European banks are being vetted in an exercise it’s hoped will restore confidence in the banking system in general. Unfortunately, the best way for this to happen is if there are some specific failures as well.

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