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Breakingviews euro zone bank stress test calculator

Euro zone bank stress test calculator

Use the Reuters Breakingviews stress test calculator to calculate how the Target core Tier 1 capital ratio and sovereign haircut levels affect the amount of capital banks need to pass the stress test.  Full Coverage 

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Draghi to discuss euro zone with Merkel next Tuesday: German source

The European Central Bank (ECB) President Mario Draghi speaks during a ceremony after receiving the M100 media award in Potsdam, September 6, 2012. REUTERS/Klaus-Dietmar Gabbert/Pool

The European Central Bank (ECB) President Mario Draghi speaks during a ceremony after receiving the M100 media award in Potsdam, September 6, 2012.

Credit: Reuters/Klaus-Dietmar Gabbert/Pool

BERLIN | Wed Sep 19, 2012 12:35pm EDT

BERLIN (Reuters) - The head of the European Central Bank, Mario Draghi, will discuss the state of economic and currency union in the euro zone with German Chancellor Angela Merkel in Berlin next Tuesday, a senior German source said on Wednesday.

The source, speaking on condition of anonymity, said Joerg Asmussen, Germany's executive board member at the ECB, would join the talks from the bank's side. Draghi is also due to address Germany's main industry group BDI the same day.

The Italian ECB chief has said he wants to explain his plans for rescuing the euro to German policymakers. The budget committee of Germany's lower house of parliament, the Bundestag, has invited him to do so, though no date has yet been announced.

The ECB's plans for potentially unlimited purchases of debt issued by troubled euro zone countries have stirred deep unease in Germany, where some see them as violating a taboo on the central bank financing state budgets and also fear they will fan inflation.

(Reporting by Berlin bureau)
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