ECB’s Mersch questions only stress testing big banks
Luxembourg’s Mersch says he questions whether stress testing the largest banks is sufficient.
He’s not alone.
EUR/USD has dipped toward the base of the recent ranges, now at 1.2365. US equities are easing as well, now up 0.4% after opening up more than 1%. Small stops are seen below 1.2350 but central bank buying was rumored on dips earlier in the day.
They will only publish what they want the market to see, there is no chance of publishing a weaker banks results. Will cause panic again, Bond spreads widening, euro getting dumped and all the usual scare mongering about the death of the euro will start up again