SocGen chairman on Angela Merkel, French elections and ECB

by Dramelin 5:30 PM 0 comments

As for the world`s largest economy, and the Trump administration behind its helm, Bini Smaghi said he is seeking clarity.
"On the subject of European politics, Bini Smaghi said the wave-making nationalistic factions, like the one led by French presidential candidate Marine Le Pen, will ultimately fail to break apart the union.
"The U.
S.
is 20 percent of the world economy.
"China, which is already projected to overtake the U.
S.
in economic weight in coming years, "seems quite resilient" but it still faces some economic management issues, according to Bini Smaghi.
"And I think to some extent if you bring negative rates back to zero this would be less dramatic," he added.