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None of the banks in question were from the UK or France, with the majority of seven being from Spain, two from Germany, Greece and Portugal, and one from Italy, Cyprus and Slovenia.
The stress tests conducted last summer on 91 European banks by the new pan-EU supervisor, the European Banking Authority (EBA), resulted in nine banks failing and being told to raise more capital by the end of the year. While discussion has continued this year about the provision of further state support, no EU government has stepped in as yet.
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