EU to publish information on bank at risk.

BBC report

EU leaders have agreed to publish "stress tests" of banks next month to show investors where any potential risks lie. EU Commission President Jose Manuel Barroso said the results would be published "on a bank by bank basis - this should reassure investors".

Is it me, or is this the most thinly veiled deliberate mistake or the most stupid idea I have ever heard?

Only 2 things can come out of this

1, They publish all risks of all banks resulting in runs on those "at risk"

2, Or, as they say, if they do this on a bank by bank basis. Those that have no information published, could be assumed, by the "sheeple", of being at risk!. And therefore create a run on those banks.

Everyone knows that the markets, and peoples investment is driven by fear and greed.
In the current economic climate I can only see this as generating fear, not calm.

IMO I only see this as possibly the straw that finally break the camel's back.

Comments please.

[edit on 17/6/2010 by JakiusFogg]

[edit on 17/6/2010 by JakiusFogg]

reply to post by JakiusFogg


I suppose the EU can leverage any negative outcomes into pressure to allow an EU banking authority which can institute monetary policy to which individual nations must adhere.

The first thing they'll do is outlaw currencies other than their own.

Attempting CPR

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ZAP!!