Peterson's Posen Sees EU Economic Loss If Britain Leaves

The transcript discusses Mario Draghi's views on the European Central Bank's (ECB) policies and the impact of Brexit on the European economy. Draghi downplays the immediate effects of Brexit, suggesting it is a one-time economic loss without long-term uncertainty. The eurozone recovery is described as broad and robust, with growth seen across various European countries. However, potential risks, such as the Italian election, could pose challenges. Overall, the recovery is seen as stable, with Draghi's stance indicating no immediate threats to the EU's economic progress.

What is Mario Draghi's position on the ECB's readiness to unwind QE?

• He downplays any expectation of unwinding QE soon.

• He has no opinion on QE.

• He is eager to start unwinding QE.

• He believes QE should be increased.

How does Brexit impact the EU economy according to the discussion?

• It has a transformative effect.

• It creates ongoing uncertainty.

• It strengthens the EU economy.

• It is a one-time loss without ongoing effects.

What is a lingering issue related to Brexit mentioned in the transcript?

• The future of the Euro currency.

• The status of EU residents in the UK.

• Trade agreements with the US.

• The leadership of the ECB.

Which countries are showing decent productivity growth in exports?

• Portugal and Greece

• Belgium and Netherlands

• Germany, Spain, and Ireland

• France and Italy

What potential risk to the EU recovery is mentioned in the third section?

• The Spanish banking crisis

• The French presidential election

• The Italian election

• The German economic slowdown