Ahead in the day, markets are eager to know the final results of the stress tests run by O.Wyman. Previous estimates expects the banks would need between €60 billion and €70 billion, in comparison with the results posted in June along with agency R.Berger, ranging from €51 billion and €62 billion. Other opinions believe that these figures would come absolutely short when takes into account the recent increase in non-performing loans to levels close to €170 billion.
According to news agency EFE, €19 billion would be directed to Bankia and €20 billion to be split between CatalunyaCaixa, Banco de Valencia y Novagalicia. Banco Popular and Banco Sabadell haven’t asked for any help so far.
In the opinion of many analysts, the late upbeat news in the markets, plus better-than-expected results out of the stress tests would prepare the scenario for a full bailout, amidst increasing rumours of a ratings cut to the country by agency Moody’s.