The results of stress tests conducted by the ECB and the EBA are positive for the Euro and should help the singly currency stabilize from the current levels but rallies are likely to be limited, says Australia and New Zealand Banking Group (ANZ). The following are a summary of the key points in ANZ's note. -The results of the comprehensive assessment of the euro area’s 130 largest banks, covering 82% of credit provision and EUR22trn worth of assets, should allay concerns about the health of the region’s banking system. -Only 13 banks need to raise a cumulative capital shortfall of EUR9.47bn – an amount equivalent to ... (full story)