Five things that keep the ECB awake
Bank's financial report warns that more political uncertainty could shake markets
The European Central Bank has warned that the risk of further abrupt falls in world markets has intensified due to rising political uncertainty. The warning came in the bank’s Financial Stability Review, which is published twice a year.
Though the bank says the euro zone's financial system has generally shown resilience, it believes risks to its stability have intensified.
Five issues that worry Europe's central bankers:
1 Brexit and Trump
The central bank says concerns about the state of the world economy have been compounded by uncertainty about the long-term consequences of the two big political earthquakes of 2016:Britain’s vote to leave the EU and Donald Trump’s victory in the US presidential election.
