EP Orange alert by coastal phenomena in Galicia, Basque country, Asturias and Cantabria. Abundant rainfall and storms in the Southeast end and Balearic area. Cloudless in the rest of the peninsula; the dimension of snow will fall in the Northwest. Check here the weather in your city. A total of 21 provinces in the country will be at risk this Sunday by coastal phenomena, rain and snow. The expected snowfall in Asturias, Cantabria, Palencia, Burgos, Albacete and the Andalusian provinces of Almeria, Granada and Jaen. In Galicia, Asturias, Cantabria and the Basque country triggered the alert orange (significant risk) by coastal phenomena, which will be reduced to yellow (risk) in Castellon, Valencia and Girona.
In terms of rainfall, there will be abundant rainfall and occasional thunderstorms in the Southeast end and area balear after noon. They will be on alert Orange Alicante and Valencia, and in yellow alert Albacete, Castellon, Murcia and the Balearic Islands. In addition, the dimension of snow will fall in the Northwest with respect to the previous day to 800/1300 meters, and about 1.000/1.500 meters in the peninsular rest. Finally, the expected winds moderated with intervals strong in the peninsular coastline, in the area of the Valley of the Ebro and the Balearic Islands, winds moderated on the peninsular rest and winds moderate to strong in the Galician coast and the Canary Islands. See more: A total of 21 provinces will be at risk by coastal phenomena and rainy season this Sunday
The Bank European authority (EBA), responsible for the stress test, the same requests. Banks that do not pass solvency tests need an additional 2.5 billion euros in capital. Five Spanish entities have suspended testing The report (PDF). The European Commission hoped Friday that banks that have suspended the European stress tests take the necessary measures to strengthen its capital, in a statement sent after publishing the results of the test. Those banks that have not reached the threshold and those who have done so but reflect substantial weaknesses, we hope to take the necessary steps to strengthen its capital position, said a joint statement of Commissioners for economic and Monetary Affairs, Olli Rehn, and internal market and financial services, Michel Barnier. The ECB goes on the mass line the European Central Bank (ECB) considers that the publication of the results of the stress tests that finally have been 90 major European institutions has proven to be an important tool for improve the transparency of the European banking system.
The institution headed by Jean Claude Trichet has emphasized that these tests have served to reveal all relevant information to the market to assess the resistance of the entities in an adverse scenario. Likewise, the ECB joined the recommendations of the European banking authority (EBA) that are resolved quickly cases of entities in which an additional capital need is detected to have not reached the 5% ratio of core Tier 1 or those that have been very close to this threshold. In this way, the ECB has asked European Governments to fulfil the commitment made at the meeting of the Ecofin Council on 12 July last to ensure all necessary reorganisation measures. A total of 8 of 90 major financial institutions European that have been subjected to the stress test coordinated by the European banking authority (EBA, by its acronym in English) have suspended the examination to the not having failed to maintain at least one basic capital of 5% in the more adverse economic scenario. It is of five Spanish financial institutions, two Greek banks and one Austrian.
In total, banks that do not pass solvency tests need an additional 2.5 billion euros in capital. Other 16 banks are left to the limit of suspense, with a capital of between 5% and 6%. The most negative scenario includes a contraction in GDP in the eurozone of 0.5 per cent in 2011 and 0.2% in 2012, with rates of unemployment of 10.3% and 10.8% respectively.