Differing sovereign debt haircuts to be included in EU stress tests: reports
Some of the riskiest sovereign debt of eurozone member states will be subject to stringent haircuts in the forthcoming European Union (EU) stress tests, undisclosed German sources have said.
Reuters, a newswire, reported two German banking sources on Wednesday as saying that German bunds "will not be stressed," while French sovereign bonds "if at all, will be stressed to a very limited extent". However, the sources said that they expected some PIIGS states - Portugal, Italy, Ireland, Greece
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