So, eight European banks have failed the latest round of stress tests, says the Grauniad. No, it's nine says the Telegraph !
Stress tests ? Give it a month or so and you can report the situation in fewer words: nine banks fail. Or ten. Who knows ?
If they ain't raised enough capital by now, they're done for. You may as well give front-line soldiers a medical just before giving the order to go over the top.
By a strange coincidence, the entire C@W team is out of the country just now... steady in the ranks, here we go