Mario Draghi, front left, stressed that markets should not doubt the ECB’s “readiness, willingness and ability” to act Michael Probst/APMario Draghi played down fears about the wider impact of Brexit yesterday as he urged people to take warnings of a severe economic slowdown with a “grain of caution”. Markets have been resilient since June 23, Mr Draghi said, and the recovery in the eurozone is proceeding at a steady and moderate pace. “All that can be said is that it’s a risk that has materialised and it’s a downside risk,” he… The president of the European Central Bank joined a growing chorus of voices to strike a measured tone about the repercussions of Britain’s decision to leave the EU.

Source: The Times July 21, 2016 16:01 UTC