The Trader 

Market Outlook: EU leaders struggle to remain relevant

The Trader

Perhaps he was misquoted but yesterday German EU budget commissioner Gunther Ottinger suggested in a leaked media interview that market turmoil would teach the Italians not to vote for populist parties.  This forced Jean-Paul Junker and Donald Tusk to remind EU citizens that their institutions must ‘respect the voters’ and that their role was not to impose their will on the electorate.  Financier George Soros had to get a word in, suggesting the ‘that Europe is in existential danger; we may be heading for another major financial crisis’.  And the governor of the Bank of Italy warned that they were losing investors’ hard-won trust. 

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