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Topic - Marco Annunziata
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"Greater confidence in Spain's financial system could in turn bolster market optimism on the country's ability to repair its public finances," he said in a research note. "If Spain fails, the eurozone's wheels will come off, derailing the continent's recovery and its financial system."
Marco Annunziata, an economist at UniCredit bank, says Spain's move to publish bank tests could encourage other countries to do the same, "allowing Europe to finally clear the air on the health of its financial system."