what about the u s bank stress tests were more rigorous in the u s than in europe in the wake of the financial crisis they forced the weakest banks to raise private capital and sell off toxic legacy assets 
however there may be just as many zombie firms whose interest expenses exceed the earnings before interest and taxes ebit stalking the economy in america as there are in europe according to the bank of international settlements bis so quantitative easing qe may have only postponed the day when banks in europe and america will have to write off bad debt 5