Early U.K. Election Unlikely, LSE's Pissarides Says

The transcript discusses the political uncertainty in the UK, focusing on the potential for early elections and the reluctance of politicians to take over leadership amid Brexit challenges. It highlights Europe's concerns, which are more focused on immigration and eurozone issues than Brexit. The discussion also covers Jeremy Corbyn's cautious approach to Brexit and the investment strategies favoring UK assets over eurozone equities due to market defensiveness. The ongoing political uncertainty is expected to impact the pound sterling and financial markets.

What is the speaker's view on the European Union's concerns compared to those of the UK?

How does the speaker describe the market's current stance on UK assets?