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ECB's Villeroy: Italy's referendum vote cannot be compared to Brexit

Head of the Bank of France, speaking in Tokyo

  • Italy's referendum vote cannot be compared to Brexit
  • Italy's referendum may be another source of uncertainty
  • Will closely monitor consequences of Italy referendum
  • Europe's economic reforms have strengthened resilience to bb & US presidential election
  • Euro area growth is robust, supported by domestic demand
  • Monetary policy has helped, and will continue to support move to inflation close to but below 2%

And, on Brexit:

  • If Britain wants to keep full access to EU single market they have to apply all its rules
  • Hard Brexit would mean end of the European passport for the City of London

More:

  • Welcomes Japanese financial institutions to Europe
  • Monetary policy should not remain the only game in town
  • Can be fully confident about resilience of euro and euro zone

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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