http://illuminatisilver.comhttp://facebook.com/illuminatisilverECB warns of political uncertainty risk to Eurozone
Today is Monday 28th November 2016 and we are very briefly addressing an announcement made by the European Central Bank last Thursday declaring that Political uncertainty is putting the eurozone's financial stability at risk.
The European Central Bank (ECB) has an assessment metric called the "composite indicator of systemic stress" and it feels that this has been heightened, specifically as a result of both the Brexit referendum and the US elections. It fears that the 19 countries that use the euro could be hit by trade wars, higher inflation and rising US interest rates and quite possibly could reignite the 2009 eurozone debt crisis.
It further warned that some stock markets could be heading for sharp falls:
"Valuation measures... are in some regions hovering at levels which, in the past, have been harbingers of impending large corrections."
In essence what this all means is that although we felt that 2016 was going to be a tumultuous year, it will prove insignificant in comparison to 2017 should some of these elections be won by anti-establishment Parties. Donald Trump is still an unknown, but by the end of 2017 we will all have a reasonably clear picture of the direction the world will be heading. The French Presidential election is in April, and the German Federal election must take place before 22nd October 2017; the earliest possible date is in late August. These two countries dominate the EC and should the regimes change, coupled with a new maverick US President, then absolutely anything is possible.
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https://youtu.be/QLgMvi9RenkAbout the Site 🌐
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