ECB's de Guindos says British election results eliminate uncertainty

European Central Bank Vice-President Luis de Guindos attends a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, October 24, 2019. REUTERS/Ralph Orlowski

MADRID - The results of British elections are “positive” in the short term as they eliminate uncertainty regarding Britain’s exit process from the European Union, the European Central Bank’s Vice-president Luis de Guindos said on Friday. Guindos also said that the slowdown in the euro area had bottomed out amid signs of stabilization in the bloc’s economy as the scenario of a disorderly Brexit or a trade war between China and the U.S. had not materialized.

De Guindos made those comments a day after Christine Lagarde struck a more upbeat tone on the economy in her first news conference as head of the ECB and as Prime Minister Boris Johnson won a resounding election victory on Thursday that will allow him to take Britain out of the European Union within weeks.

That's democracy for you. We get to choose between poverty under Johnson and state enforced sexual dysfunction under Corbyn. And end up getting both anyway. One day The Great Unlaid are going to rise up....then you'll be sorry. And sticky, probably.

I see he's very happy about it!

Time for the bankers to rape the tax coffers.

Yes, we certainly going to suffer now.

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