woensdag 7 juli 2010

Bank stress testing : “Wasserdruck !!”

One of the scarce hilarious moments in the motion picture “Das Boot” concerns the “usual” exercise of emergency diving after an enemy alert. When the U-boot goes beneath 250 m, the infrastructure crumbles and shakes with bolts flying around. The chief engineer smiles to the propaganda representative aboard – having cold sweat and laughing green – merely saying “Wasserdruck”, winking an eye to those familiar with the exercise. Todays’ exercise on European banks and stress testing shows some similarities with the above scene : it involves shaky fundamentals and could possibly involve misleading propaganda. Read the complete post on the Econoshock blog here.

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