Recently, the discovery of a black hole in Greece’s public finances indicated the start of the euro-zone crisis. It is a great economic loss period because the banks really lost a huge amount of money at that time. Then the “stress test” came out. The outcome of the test were mostly encouraging the economy to falter a little bit. But there are still a lot to do.

By doing this test, the ECB found the trouble that was valued $1.1 trillion, but when compared to the whole huge asset, it was really trivial. The difficulties of this test is the uncertain measurement of the deflation and the test just can’t asses some state-owned banks like in Germany.

For the positive side of this test, it highlighted the weakness of the Italy’s banks and reduced the interest rate of borrowing. Nevertheless, there are still existing some problems. For example, banks still hold a disproportionate amount of their own country’s sovereign debt, which may easily cause the crisis again.

The stress test actually reverse the opinion of the ECB towards the banks. Before the test, the banks were seen as the obstacle to the growth while after the test, this argument is weaken a lot. However, as it is in the period of anemic economy, we need more methods to fight for the euro-zone crisis.

http://www.economist.com/news/finance-and-economics/21629567-europes-banks-are-decent-shapebut-not-enough-repair-its