Earlier today Jean-Claude Trichet, former president of the European Central Bank sat down in an interview with CNBC Europe and made various comments on current events and Central Banks.
“If you look at the increase in the size of balance sheets since the crisis erupted in 2007, you see the same order of magnitude: at least 12 percent of gross domestic product… You see something which is profoundly abnormal in the U.K., Japan, Europe, and the U.S.,”
Eurozone would be fine with UK Exit
“Let us not forget that even without the U.K., the population of the euro area is already more numerous than the U.S… On top of that, you have a number of countries that are eager to enter. In particular, the biggest is Poland, which is the biggest country in central and eastern Europe.”
To view the interview click here
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