News reports at the end of last week informed the financial markets that the European Banking Authority (“EBA”) failed only eight of the 90 banks examined in the most recent round of stress tests. These eight unfortunates “fell short of the required amount of capital under the tests’ simulations of a deep, two-year economic downturn,” the Wall Street Journal reports. “Those banks faced a total shortage of €2.5 billion ($3.54 billion) of capital, which banks rely on to soak up potential losses.”