The tests are a crucial element in Europe's fight against the growing debt crises, with results released the same day that Italy passed $67bn in austerity measures.
"For countries such as Italy ... the stress tests will allow the government there to say the system is generally working well" but that they need to reinforce it with austerity measures, our correspondent said.
As eurozone leaders prepare to tackle Greece's debt woes, banks may soon face a tougher real-life test.
With most market watchers expecting Greece, and possibly the other bailout victims Ireland and Portugal, to eventually fail to pay their massive debt piles, concerns over what such a default would do to banks around the continent has triggered panic on financial markets in recent weeks.
Officials hope that the stress tests identify weak banks and make them strengthen their finances.
The test scenarios did not include a default by a European country, but each bank had to report its exposure to sovereign debt, allowing economists to run separate analyses.
The test scenarios did not include a default by a European country, but each bank had to report its exposure to sovereign debt, allowing economists to run separate analyses.
Specifically, the scenarios, tested by national banking regulators, simulated what would happen to bank finances during a recession where growth drops more than 4 per centage points below EU forecasts.
For the 17-country eurozone, that would be a drop of half a per cent this year and 0.2 per cent next year.
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