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EU vows to help stressed banks

07-13-2010 14:09 BJT Special Report:Europe's Debt Crisis |

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Euro zone finance ministers have met in Brussels to discuss tougher market regulations for member states. The financial leaders are striving to restore confidence in Europe's economy. They're vowing to help banks that fail financial stress tests, and crack down on governments with big deficits.

The so-called financial "task force" is expected to consider a permanent rescue system for EU countries that run into trouble. The tests were conducted on 65 percent of the European banking system.

Results will be released on July 23rd amid hopes they will reassure markets. Some economists warn the stress tests will show that a few European banks are in need of fresh capital.

Editor:Xiong Qu |Source:

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