Desperate & out of time, ECB says fresh post-Brexit woes coming

Greetings,

The truth of the matter is that the entire Western world is collapsing economically, politically, morally, ethically, technologically, and militarily. They will not be able to reverse this sudden and brutal decline. They can only play for time now.

The policies of theft, deceit, war, occupation, and corruption & greed are blowing back hard winds of despair and destitution on their nations and civilization. What this means is they are now being fed from the same table of deprivation that they so gladly fed others for centuries.

It is all now coming back to them. Knowing this their policy makers are at the whits end trying to buy time. They are frantically searching for something to extend their time as a relevant power. It will all go for naught and you will soon be a witness to this!

The European Central Bank (ECB) has warned of damaging “new headwinds” following a vote by the British people to quit the European Union in July.
The European Central Bank (ECB) has warned of damaging “new headwinds” following a vote by the British people to quit the European Union in July.

Concerns are rising that the eurozone could soon face damaging “new headwinds” following a vote by the British people to quit the European Union in July – a historic yet controversial move referred to as the Brexit.

The European Central Bank (ECB) said Britain’s vote to leave the EU had increased the downside risks for the 16-member economic bloc.

It added that investors are already acting more cautiously following the Brexit, warning that this has resulted in “a significant decline in government bond yields.”

“The uncertainty following the UK referendum was, in large part, of a political nature and due to the lack of clarity about the new relationship between the UK and rest of the EU,” ECB policymakers acknowledged in minutes from an ECB July meeting that were released on Thursday.

The ECB further warned that the ongoing confusion that Brexit had brought about among traders and investors means that no “undue expectations” of interventionist policies should ever be fostered.

The minutes indicate that the ECB considers it too soon to discuss such measures, as they want to wait until the extent of the economic disruption from the Brexit vote becomes clearer, emphasized Sputniknews in a report.

However, there is still little indication from the UK government on when that might be, the report added.

On June 23, some 52 percent (17.4 million) of British people voted to leave the EU after 43 years of membership.

The vote result caused political turmoil in Britain and sent economic shockwaves through the country as well as global financial markets.

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