Banks Can't Fail as Europe Rolls Out Post-Crisis Stress Test
- Adverse scenario foresees EU recessions this year and next
- EBA sets no pass mark because banks in `steady-state setting'
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Europe’s biggest banks face a stress test this year that will gauge their capacity to withstand economic contraction at home, shocks in major emerging markets and declines in property markets and commodities. None of them will pass -- or fail.