From the Bloomberg site this afternoon:
‘The euro, which reached a two-year high versus the dollar this month, is poised to extend its gains as the European Central Bank’s audit of the region’s financial system encourages lenders to repatriate overseas assets…..ECB President Mario Draghi said he won’t hesitate ‘to fail lenders’ as the ECB trawls through the accounts of about 124 euro-area institutions to ensure they’re solvent.’
Mario? Fail lenders? Surely not.
Full link to the ‘report’ at Drivel of the Day, Home Page Rt hand column.