EU faces tough call on sovereign scenarios for stress tests

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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

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