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The European bank stress tests could include a 17% loss on Greek government bonds and a 3% shortfall on Spanish bonds, according to a report from Bloomberg News citing unnamed sources. The comments come ahead of the publication of the stress tests later this month, but the Committee of European Banking Supervisors have yet to outline the criteria for the tests. The comments are weighing on the euro, which is once again in negative territory, last trading lower by 26 pips at 1.2599.
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