CLEAN: EU states promise to support banks which fail stress tests

The video discusses the timeline for test results and the current crisis involving sovereign debt and banking sector issues. It emphasizes the need to address both problems simultaneously. The upcoming EU stress tests aim to identify vulnerable banks, which must then recapitalize or restructure. Concerns are raised about whether member states are prepared to support their banks if needed.

What are the two main crises mentioned in the text?

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What is the relationship between the sovereign debt crisis and banking sector fragilities?

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What is the purpose of the EU wide stress tests?

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What must vulnerable banks do once identified?

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What concerns were raised about Member States in the text?

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