One Man’s Opinion: How Many European Banks May Fail ECB’s Stress Test?

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Germany will lead the recovery within the core eurozone in 2014 while Spain will lead the recovery in the periphery, said Alberto Gallo, head of macro credit research at the Royal Bank of Scotland. The Eurozone faces deflation risk today because there has been too much austerity (government spending cuts) and bank deleveraging. Germany has already provided extra support to …