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Oct 22, 2014
Rumors of 11 Eurozone banks set to fail ECB's stress tests weigh on euro
FXStreet (Łódź) - The euro dropped by 0.19% on the news published by the Spanish agency Efe, suggesting that 11 Eurozone banks will fail ECB's stress tests.
The names of the banks weren't given but the article pointed to 3 Greek financial institutions, 3 Italian, 2 Austrian and one from Belgium, Portugal and Cyprus.
The ECB reacted by issuing a statement that “any inferences drawn as to the final outcome of the exercise would be highly speculative until the results are final on the 26 October.”
The names of the banks weren't given but the article pointed to 3 Greek financial institutions, 3 Italian, 2 Austrian and one from Belgium, Portugal and Cyprus.
The ECB reacted by issuing a statement that “any inferences drawn as to the final outcome of the exercise would be highly speculative until the results are final on the 26 October.”