Indeed, the severity of the tests we conducted earlier on loan losses exceeds that of the CEBS version, although CEBS has extended the test to reflect events in the sovereign debt markets. We will be providing details of this latest exercise on this day week.
This consensus stems from the conviction that financial markets would be seriously affected by an event that calls into question the solvency of a developed country. That is why our partners, in particular the US, have strongly supported the action of the International Monetary Fund, which has provided Greece with the highest funding in history in proportion to the country’s IMF quota.