TUT TUT now the bloody EU and its supporters will have to rethink things and learn they cant try and take control of the world. Democarcy has won the day.
ECB stands ready to intervene in an emergency says Nowotny
Nowotny isn't happy with the US election result •Today is not a good day for the world economy •We stand ready to intervene if necessary in an emergency •Fears we are entering a period of uncertainty in medium term as we did with after Brexit vote •One cannot say whether Fed is as likely as before to raise rates in December •If the dollars downward tendency and the euro's upward tendency were to accelerate, that could threaten the recovery in Europe but we must wait and see Very strange comments from Nowotny, supposedly an independent central banker standing outside the political realm. And we all thought ... (full story)