included germany's hyper real estate which is now government owned all in a bailout eighty eight bank of greece and five regional spanish lenders the number of other banks only just passed the test are likely to face market pressure to increase their capitalization governments and countries are suspect institutions they. ready to help them raise more money here pay monkeys have not yet had the opportunity to cost a verdict as results came out off the coast of session this predicts gains even if the toughness of the tests come under question. now that on this i'm joined live all correspondent to tell you how close are the sell side. hello to it's hot in the how all the russian markets are reacting so far today. hello charlotte yes we are now at the march sixth stock exchange to follow their reaction of the russian markets on the european bank stress now the markets opened just two hours ago and so far we can see that they are performing quite positive now let me once again remind you that last friday ninety one banks across the eurozone the stress tests designed to provide a clearer picture of t

need and scenarios such as for instance continuing recession seven banks out of ninety one failed including german bank a bank of greeceand five spanish banks now that so less than than expected but anyway critics say the test wasn't tough enough as it didn't look at what would happen if one of the members of the euro zone default analysts point out that the members of the european union didn't even consider even the possibility of a sovereign debt crisis at the same time it's believed that stress tests can help restore confidence in the european banking system but its european markets want to say that such tests can only work if the market believes the test is credible now going back to russia just as i said both. in the black and russian market watchers say that they can hardly expect any direct impact the impact of stress tests on the russian markets charlotte. thank you no time that was our correspondent. my sex stock exchange in moscow. time now have a look at the markets in the arts yes the most exposed all around half of the senate so far minus all the main gain is with that one point five percent that all major

sovereign shock now seven out of ninety one banks failed the exam but that's less than expected the banks that failed include german mortgage bank how real estate bank of greece and five spanish savings banks now critics say that the terrorist wasn't tough enough as it didn't look at what would happen if one of the members of the euro zone defaulted they also point out that the members of the european union didn't even consider the possibility of a sovereign debt crisis at the same time the task is believed to to help restore confidence in the european banking system but a market players say that the test such tests can only work if the market believes it's credible. reason the finished more than three percent. of the reporting. thirty seven percent in the first half of the year. two and a half percent as the process of lloyds suite holds near seventy. all is a barrel. and the european bank of reconstruction and development is in talks to buy a ten percent stake in the russian stock market is buying the state from kit finance a bank which was an early victim of the financial crisis. the plans to make the purchase with an undisclosed russian state lend the sta

by investors seven of europe's ninety one largest banks spared the exam including germany's hyper real estate which is now government owned following the bailout eighty bank of greece and five regional spanish lenders a number of other banks only just pass the tests and are likely to face market pressure to free up the lies they ship the governments in countries with suspect institutions so that ready to help them raise more money to tell you how global has the details about the russian market reaction to the results. so far we can see that they are performing quite positive now let me once again remind you that last friday night you want bank across the euro zone pass the stress test designed to provide a clear picture of the impact of europe's sovereign debt crisis on its financial institutions many analysts agree that we can hardly. expect any direct impact on the russian market so following the stress test that's been held on friday in the european banks. let's have a look at those markets now and stocks there must go on the monday trade the r.t.s. the mindsets of putting on around home welcoming those results of the stress tests on banks minus the main gain is

wanting included germany's hypo real estate which is now government own following a bailout eighty bank of greece and five regional spanish lenders a number of other banks only just passed the tests and they're likely to face market pressure through their capitalization the governments in countries will suspect the situations say they're ready to help them raise the money european markets have not yet had the opportunity to cast their verdicts as a result came out after the close of session if your bank sector struggles when markets do open on monday this is likely to feed through into russia but according to peter westin achieve just at eight on they may represent a buying opportunity for investors. the exposure of the russian banks to the force of european countries across our land is two point seven billion dollars thousand times almost less than what the exposure is for european banks they will be punished the russian bank itself will be punished but it probably will be punished and justifiably so do if you do see that negative reaction in the financials and you do see russian banks fall in w

including germany's hyper real estate which is now government owned following a bailout eighty bank of greece and full regional spanish lenders a number of other banks only passed the tests now early on they are likely to face more pressure to increase their capitalization the governments in countries with suspect institutions say they're ready to help the braes more money the european markets have not yet had the opportunity to cause their verdict as the result came out of the close of the market. if you're a spanx struggles when markets open on monday this is likely to feed through into russia but according to peter weston chief strategist at ats on it may represent a boring opportunity for investors. the exposure of the russian banks to the force out european countries plus ireland is two point seven billion dollars thousand times almost less than what they suppose is the european banks they will be punished the russian banking stocks will be punished but they probably will be punished and justifiably so do if you do see that negative reaction in the financials and you do see russian banks

of this year. >> tom: major banks in greece are expected to pass a series of stress tests. the country's finance minister said today he's certain they will. six greek banks are among the 91 undergoing stress tests by the european union. the results are due friday. the greek government is considering a $911 million offer by a private bank to take control of two state lenders. greece is said to be closely examining that proposal. >> susie: from tax cuts to curbing spending, tonight's commentator is thinking about controlling our budget deficit. he's glen hubbard, dean of columbia university's graduate school of business and former chairman of the council of economic advisors under president george w. bush. >> many congressional leaders have suggested that tax revenues are too low and will remain low without a tax increase. this year's federal revenues will be about 15% of g.d.p., less than the 40-year average of about 18%, but revenues are already on track to exceed 23% of g.d.p. in just 25 years, greater than in world war ii. how would this happen? first a recovery will roost

in seven out of ninety one european banks failed the stress test to show how well they could withstand another financial crisis of the seven five were from space one each came from greece european banking officials hope the financial health check would show the confidence economy could be strong and whether that crisis over the tests have been criticized for being too easy to profit. dutch

of the 91 banks that were scrutinized, however. of the seven have failed, five are in spain, one is in germany, and one is in greece. according to regulators, the stress tests are very stringent. we should be reassured. the were the tests stressful enough to restore the credibility of european banking? we have this report. >> it felt like exam results time for europe's thanks, and these were the teachers marking the books. -- europe's banks, and these were the teachers marking the books. >> we have seven banks that would now, if the stress materialized, would be under the 6% threshold that we used as a benchmark. the capital shortfall to reach the sec's% set -- 6% would be 3.5 billion. >> across europe, regulators tested be held of 91 banks and in total. questions included how they would cope with their work and unexpected fall in economic growth and what would be the impact of the worsening in the government money market? the seven banks that failed were in germany, spain, and greece. most of them were small. they need to raise $4.5 billion between them. in banking terms, that is peanuts. the big question now -- is

of how strong european banks are. results of the banking stress test were released earlier today. >> 91 banks were tested, seven failed including some from germany and spain and greece. >> the failure of hypo real estate was not a surprise. >> as markets closed across the u.s., the committee of european banking supervisors released the results of their test. seven european banks failed. if the worst-case scenario came to pass, they would not have the capital they need to survive. hypo real estate was the only german bank that did not survive. five regional banks in spain failed as well. deutsche bank topped the results before the german banks tested. commerzbank also did well. >> the results are surprising because they are along the same lines we have seen for a long time now. there is a rise in the average capital ratio in the german sector from 9% in 2008 to more than 10% in 2010. >> spanish banks would need around 1.8 billion euros to survive another credit crunch. the head of the central bank in spain emphasized that the stress tests were only an exercise and not a forecast. he said that regional banks saturday been restructured. the results have been met with w

in seven out of ninety one european banks failed the stress test to show how well they could withstand another financial crisis of the seven five were from space one each came from greece european banking officials hope the financial health check would show the confidence economy could be strong and whether that crisis over the tests have been criticized for being too easy to profit. dutch called foundry multinational company traffic guilty of illegally exporting toxic waste from amsterdam to africa and concealing the nature of the cargo the waste shipped in two thousand and six is believed to have injured thousands of people and companies denied any wrongdoing in this considering an appeal it's already paid millions of dollars in compensation because. switzerland popular tourist trade derailed in the swiss alps killing one of the injuring forty two they said six of you did win a critical condition but he didn't identify. probe is looking white two carriages at the rear of the train came off the track and a third tipped over near the town which. people in india's remotest areas and are benefiting from a new method of bringing in regular medical treatment the country's

of the details remain secret. one german bank failed, hypo real estate holding a.g. a second, atebank, is in greece. five banks in spain failed the test, but there were no failures in any other country. scott macdonald of aladdin capital, says the results were much better than expected. >> i think it was a constructive step that was put into place. the hurdles though were very low, and you've left a lot of room for uncertainty still to play out in the markets. so today, you had a big sigh that it was not as bad as people thought it was going to be. but when you fail only seven banks out of 91, there's a lot of questions raised. >> reporter: the questions were raised the minute the results became known. many critics challenged the test's methods, saying that the process minimized the risk of sovereign debt defaults. and there were complaints that very little information was actually revealed about the banks, leaving investors uncertain of their individual strengths and weaknesses. others argued that by focusing on available cash reserves, known as tier one capital, the european test, like the one cond

out of the ninety one the european banks have failed a stress test to show how well they could withstand another financial crisis of the seven five were from spain and one each from germany and greece european banking officials hope the financial health check would show the continent's economy to be strong enough to weather the current debt crisis however the tests have been criticized for being too easy to pass. north korea has threatened a nuclear response to joint u.s. and south korean military exercises set for this week at pyongyang said it is prepared for a quote retaliatory sacred strike tensions between the korea's has been high since the sinking of the south korean naval vessel in march both washington and seoul claim the war games to curb aggression forbidden war. with the tourist season at. it's hard many beachgoers flocked to the black sea coast for some summer fun but alongside the hotels and restaurants one ukrainian resort has a marquee tourist site adesa has become a thriving hub for the sex slave industry as a strategic port its location makes it all hot spot for human trafficking to and from the region as alexei ownership ski reports. it is fun in the sun in the c

out of ninety one a european banks have failed a stress test to show how well they could withstand another national crisis of the seven five or from spain and one each game from germany and greece european banking official financial health we show the continent's economy to be strong enough to weather the current debt crisis however the tests have been criticized for being too easy to pass. a dutch court has found a multinational company try figure are guilty of illegally exporting toxic waste to africa and concealing the nature of the cargo the waste shipped in two thousand and six is believed to have injured thousands of people in the ivory coast the company has denied any wrongdoing and is considering an appeal it has already paid millions of dollars in compensation to the ivory coast government. and now with the tourist season at its height many beachgoers flocked to the black sea coast for some summer sun but alongside the hotels and restaurants one ukrainian resort has a murkier side. adesa has it become a thriving hub for the sex slave industry as a strategic port its location makes it a hot spot for he went trafficking to and from the region as artie's alexei yet a chef

of the united states max. ben bernanke in his testimony blamed the uncertainty on greece first of all and then he blamed it domestically on the banking sector saying that they still have a lot of these bad debts that they continue to have to write down or that are not being written down yet and thus preventing them from lending out further the other problem he sees with the u.s. economy is the unemployed and to banking committee chairman senator christopher dodd he says part of the reason i'm concerned by the situation is that this is the worst labor market since the great depression people who are unemployed for a long period of time see their skills atrophy they may become demoralized and short term unemployment becomes long term unemployment we need to be very concerned . they shift all their jobs overseas they have no jobs left therefore they have no savings no capital begin to capitalism without capital that's was kind of debasing and degrading into a kind of. fascist slash pop consumer state well let's look at the first issue he talks about and that's the banking sector they're still laboring under all these bad debts and what