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ECB, François Villeroy: Italy referendum can not be compared to Brexit
During his speech today in Tokyo, the European Central Bank official, and head of the Bank of France, François Villeroy said that the consequences of the Italian referendum can not be compared to the exit of Great Britain from the EU. The official believes that the results of the referendum will be another source of uncertainty, but certainly not a disaster. "We will closely monitor the effects of the referendum in Italy. However, the economic reforms in Europe have developed resistance. Economic growth in the euro area is now stable and reliable. They are supported by domestic demand and loose monetary policy "- said Villeroy.
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