The European Banking Authority released the results of the stress tests on July 29th, which encompassed the 51 systemic banks in the EU. The results have pointed out an especially difficult situation for Banca Monte dei Paschi di Siena, which hadseveral non-performing loans, but also for many banks in intermediary situations, made fragile by the context of low financial margin on credit products, higher cost of risk in some countries, and a need to reinforce their equity-to-debt ratio.