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debt, Europe, Italy

Eurozone, the “Armageddon” scenario for 2015-19

Stefano Fugazzi (ABC Economics) – Infographic analysis based on the stress test scenario designed by Bank of England for monitoring the solvency and resilience of the UK banking system.

The stress scenario is not a forecast of macroeconomic and financial conditionsIt is not a set of events that is expected, or likely, to materialise. 

Rather, it is a scenario that has been designed specifically to assess the resilience of UK banks and building societies to a deterioration in global economic conditions.

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