IMF Lipsky: European Stress Test Will Have A Positive Impact

Eurozone bank stress tests appear to include realistic scenarios and should have a very positive impact, John Lipsky, First Deputy Managing Director of the International Monetary Fund, said Friday. Stress tests “should be extremely helpful. Because we have seen in the latest announcement that the coverage is going to be quite strong. And that the…scenarios are going to be quite realistic,” Lipsky said on the sidelines of the “ECB And Its Watchers Conference.” – iMarketNews