The stress test on Greek banks produced rather flimsy results according to Goldman Sachs’ progress report. The report in question, dated October 3^rd, is in possession of newmoney.gr.

According to the report, political instability could still be handled despite a potentially election winning result for SYRIZA, as it is unlikely that it will be a one-party government result.

Ongoing taxation postponement certainly augments the existing capitals, but there is uncertainty regarding the acceptance of general overhaul branches. What is more, there are still impending questions as well as gaps related to red loans, accompanied by political risk should an election take place at the dawn of 2015.

As current top picks,  the National Bank with a target price of 3,15 (tagged as a ‘’buy’’ choice), and Alpha Bank at 0,82 respectively, are deemed top of the list always in accordance with the report.

Uncertainty concerning the stress tests evaluation, stems from possible evaluating methodology divergence employed by the ECB as compared with BlackRock.