Some of the riskiest sovereign debt of eurozone member states will be subject to stringent haircuts in the forthcoming European Union (EU) stress tests, undisclosed German sources have said.
Reuters, a newswire, reported two German banking sources on Wednesday as saying that German bunds "will not be stressed," while French sovereign bonds "if at all, will be stressed to a very limited extent". However, the sources said that they expected some PIIGS states - Portugal, Italy, Ireland, Greece, Spa
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