ECB warns of political uncertainty risk to eurozone

ECB warns of political uncertainty risk to eurozone
 

Political uncertainty is putting the eurozone's financial stability at risk, according to the European Central Bank.
The Brexit referendum and the US election both ratcheted up what it calls its "composite indicator of systemic stress".
It says the 19 countries that use the euro could be hit by trade wars, higher inflation and rising US interest rates.
In a worst-case scenario, the ECB says, this could reignite the 2009 eurozone debt crisis.
It also warned that some stock markets could be heading for sharp falls. "Valuation measures... are in some regions hovering at levels... read more

 
24 November 2016 in Business, Views: 49
Source: BBC
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