Stress tests likely to fail up to 15 EU banks

Eurozone sources say that up to 15 of the 91 banks in the EU being tested will fail the stress test with likely casualties being Greece, Germany , Portugal and Spain.

The EBA and ECB are pushing for higher numbers to fail following last year’s seven, to show the seriousness of the examination, but added they did not want to push for more, for fear of sparking panic and intensifying the EU debt crisis