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- ECB's de Guindos says British election results eliminate uncertainty
ECB's de Guindos says British election results eliminate uncertainty
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.
Guindos also said that the slowdown in the euro area had bottomed out amid signs of stabilisation in the bloc's economy as the scenario of a disorderly Brexit or a trade war between China and the U.S. had not materialised.
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.
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