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Almost one in five of the eurozone’s biggest banks have failed the European Central Bank (ECB)’s comprehensive test of their financial safety, according to leaked documents. Twenty-five of the 130 lenders being assessed by the ECB have reportedly failed the stress tests, the biggest-ever single review of the single currency’s major banks.  Both the ECB and European Banking Authority (EBA) will release the results of its stress tests at 11am on Sunday. The two bodies’ assessments, which model scenarios such as downturns in the housing market, a new recession and a spike in borrowing costs, cover similar ground but have important differences. The ECB is conducting an additional review of eurozone banks’ assets ahead of it taking over as the primary regulator of banks that use the single currency; the EBA’s tests also cover European banks that are not part of the euro, including British ones. According to a draft memo of the results seen by Bloomberg, only 10 of the 25 banks to fail the tests will be told to plug capital shortfalls. The tests cover the banks’ positions at the end of last year, and the remaining 15 to fail the tests are reportedly judged to have raised the equity to meet the shortfall since then... The truth is, the entire global financial system is bankrupt.I mean, a Ponzi Scheme can never equate to being more than a fraud, to being more than a lie. And that is all our global financial system actually is. A massive fraud run by an elite group of financial criminals. Financial criminals who are being protected by our now thoroughly corrupted governments. Politicians and bankers. A match made in hell.