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Professor Robert Engle discusses systemic risk in Europe

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Excerpt from Bloomberg -- "Well, we follow this in a high frequency way. We have a way of doing our own little stress test that we do for about a thousand banks around the world every week. So we can follow what's happening--how's the capital adequacy look for these banks? And actually you can see it on the Internet on V-Lab. So what do we see? What we're seeing is that Europe has improved its balance sheets moderately. It's particularly true in Germany and Italy. But France and UK have stayed pretty flat, and we're not seeing much improvement there."

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