Euro-anxiety swells ahead of Spanish banks’ stress tests (Barcelona) - Euro sentiment has turned 180 degrees in the second half of the week, triggered by the rosy news coming from a well-received Spanish budget figures for 2013, pointing to 4.5% deficit of the GDP.

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.