Tuesday, June 07, 2011 10:48 AM

Excluding Default Risk, 33 European Banks Need Additional $347 Billion of Capital; Banks Trade Below Book Value; Only 22% Expect Credible Stress Test

European banks have $188 Billion at risk from Greece, Ireland, Portugal, and Spain. Excluding default risk, those banks are still woefully short of capital according to a study coming out tomorrow.

Please consider European Banks’ Capital Shortfall Means Greece Debt Default Not an Option http://www.bloomberg.com/news/2011-06-0 ... ption.html

The “fragilitiesâ€