European Union finance ministers and officials from the European Commission and the European Central Bank will discuss the final details of European banks’ stress tests during a teleconference in July 22, before the results were published in July 23.

The results of the stress tests on 91 European banks will be published by European capitals, with the responsibility of central banks, with the European Bank Supervision Authorities Commission -a London-based organization- announcing a report on the results.

EU states have agreed on the criteria to be used during the stress tests. A core Tier ratio, measuring the capitalization of a commercial bank, is one of the criteria, with the criteria placing a 6.0 pct as a minimum requirement by market investors.

Eurogroup’s president Jean Claude Juncker, in an interview with an Austrian newspaper said he did not expect any catastrophes resulting from the tests.