Below is the complete list of banks to take, and then pass, the next farcical round of European stress tests. Just as a reminder of the complete useleness of this exercise, the last time Irish banks appeared on this list, they all passed swimmingly. They were all bailed out months later. We can't wait for Portugal, Spain and Italy to all pass without a single failure. Perhaps European taxpayers should inquire what percentage of the near-record gas price is financing this ridiculous waste of funds, whose only real outcome is building confidence in the utter cluelessness of Euro-leaders.
stress test 2