Banks Have More Work To Do: ECB's Nouy

The video discusses the results of banking stress tests in Frankfurt, highlighting the challenges faced by banks in Italy and Greece. The ECB's new regulatory role is emphasized, along with criticisms of the stress tests for not considering deflation. Despite some banks having capital shortfalls, the ECB is confident in their ability to raise funds. The video concludes with a discussion on the future of European banking, focusing on the need for economic growth and the role of aggregate demand.

What concerns were raised about the economic outlooks in the stress tests?

What does the term 'aggregate demand' refer to in the context of the ECB's discussions?

What is the significance of the data collected by the ECB from banks that passed the stress tests?