AFP, Brussels :
Geopolitical events including the election of Donald Trump and Britain’s Brexit vote are the main reasons for the current economic uncertainty, European Central Bank chief Mario Draghi told EU parliamentarians Monday.
“Looking at the recent events, it is quite clear that geopolitical uncertainty has become the major source of uncertainty for the months to come,” Draghi warned the European parliament’s economic affairs committee.
The ECB president highlighted in particular the decision by British voters to leave the European Union and the risks which the referendum result poses for European economies.
Draghi admitted it was difficult to predict the precise economic implications of Brexit, as these will “notably depend on the timing, progress and final outcome of the upcoming negotiations. “
It is therefore important “to have clarity on the negotiation process as soon as possible in order to reduce uncertainty,” he added.
