European Union (EU) officials must grapple with a difficult decision on whether or not to include sovereign debt scenarios in their stress tests, economists have said.
At a meeting in Brussels last Friday, officials discussed the possibility of including sovereign debt scenarios in their stress tests. Some senior officials were keen for the tests to include the scenarios. Others were reluctant, believing that this could suggest that the EU considers a Greek default or restructuring a possibility
- Is the pursuit of a common accounting standard for gold a fool’s errand?
- World’s largest SWF bars investment in four companies for guideline breaches
- Bank of Jamaica’s Wynter on the path to inflation targeting
- BoE minority staff score lower in first diversity survey
- Vietnam says it is “actively prepared” to intervene in forex market