THE GERMAN BANKS AND THE FINANCIAL INSTITUTIONS SUCCESS HAVE BEEN OVERWHELMINGLY SUCCESSFUL, WHEN COMPARED TO SIMILAR EUROPEAN UNION BANKS.

The German banks success in the European Union project for the stabilization of the European Union currency the euro by subjecting all the banks and similar financial institutions in the European Union zone to the process that has been referred to as the stress test has been regarded excellent to satisfactory. Over eighty percent of the European Union banks that have been subjected to the stress test have failed the stress test. However ten German banks came out of the test with either excellent, or satisfactory results, except few German banks that may either be closed, or sold to the most successful ones. These results of the European Union banks indicated the much work required for the stabilization process of their currency in debt repayment, budget deficit reduction that may entail the Austerity measures, the European Union rescue packages, the European Union loan allocation and eventually the recapitalization of the European Union economies by Privatization and strict bank regulations in the entire European Union zone.