ECB chief warns Irish economy most at risk of overheating and Brexit - News Summed Up

ECB chief warns Irish economy most at risk of overheating and Brexit


Latest: European Central Bank (ECB) boss Mario Draghi has warned the Government to prepare for all possible Brexit outcomes, including a no-deal scenario. Mr Draghi added that the ECB will stand behind Ireland and back the country as Brexit takes effect. “We also see limited overall risks to the euro area financial stability. Without sufficient mitigating action, however, a cliff-edge Brexit could have an adverse impact in certain areas of centrally cleared derivatives markets. “There’s 4,000 children who won’t have a home and will sleep in emergency accommodation and wake up on Christmas Day so not everything is going well.”- Press AssociationOriginal story (4.06pm): ECB chief warns Irish economy most at risk of overheating and BrexitThe head of the European Central Bank has warned the Irish economy is most at risk from overheating and Brexit.


Source: Evening echo November 08, 2018 16:07 UTC



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