Martin Vander Weyer Martin Vander Weyer

How Italy failed the stress test (and Emilio Botín didn’t)

Plus: Signs of a bubble in Battersea, and a rash promise from Ed Davey

Continuing last week’s theme, it was the Italian banks — with nine fails, four still requiring capital injections — that bagged the booby prize in the great EU stress-testing exercise, followed predictably by Greece and Cyprus, while Germany and Austria (with one fail each) fared better than some of us had feared.

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