The Guardian (July 22)
The Guardian predicts some very dirty laundry will be hung out Friday evening. That’s when the results of stress tests on European banks will be released. At least “a few of the 91 institutions” will be found “unsound.” Otherwise, nobody will trust the tests. But if too many banks are declared sick, watch out for stormy markets on Monday.
Tags: Banks, Europe, Stress test
The Financial Times (July 20)
Executives from 27 companies wrote to support stricter emission standards. They want the EU to cut emissions by 30%, rather than 20%, by 2020. They believe Europe needs stricter standards to be competitive in the green market. Stricter standards will provide companies with the assurance they need to invest in low-carbon technologies. Among the companies signing the letter were Allianz, Asda, Deutsche Telekom, Lloyds Banking Group, L’Oreal, Nestlé, Royal Philips Electronics, Vodafone and Tesco.