The trade-off between costs and benefits will clearly be one important element in the scrutiny process.

BBC: Information law scrutiny means worries on both sides

For instance, Pope notes only 14% was shaved off Portuguese bonds in the testing process even though two-year notes from Portugal have widened to trade at a spread of 242 basis points over the German equivalent security compared to 226 basis points last Friday, a 7% gain in the spread in just a week.

FORBES: Very Little Reality In European Bank Tests