UBS Chairman Axel Weber gives his top risks for 2017

by Dramelin 1:00 AM 0 comments

"Political uncertainty is now the name of the game, almost in every country," Alex Weber, chairman of the Swiss bank UBS told CNBC on Tuesday in Dubai. Political uncertainty is present in almost every country in the world and with the heavy election year in Europe it will be "the dominant factor" in 2017, the chairman of UBS told CNBC on Tuesday. "In Britain we`ve seen that over the last summer," Weber said referring to the country`s vote to leave the European Union. He added that this uncertainty has now spread to Germany, France, the Netherlands and Italy where voters will soon choose new leaders. "I`m pretty sure Marine Le Pen will be one of these candidates (in the final round) but I don`t think she will be the winner of the race," Weber told CNBC, adding that he is not very worried about a right-wing shift in French politics.