Europe's banks may not be any more solvent than our own, but maybe there disclosure is better. We changed the accounting rules for our banks so that they would be solvent on paper, but ultimately your sins do find you out and the smooth tongued financial wizards get exposed.
European stress tests: banks set for 'chaos Monday' after nine fail - Telegraph: www.telegraph.co.uk/finance/newsbysector/banksandf....html
http://chumly.com/n/a83e4c
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