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Insights: What’s the State of the European Banking System?

Europe is still struggling to emerge from the financial crisis. Though recent stress tests by the European Central Bank gave passing grades to 90% of the region’s banks, critics question the transparency and rigor of the tests. Professor Sascha Steffen of ESMT European School of Management and Technology talks about the state of the banking system and the challenges of designing and implementing a single system to oversee banks across the Eurozone.