Rajoy, Macron, and Europe's Unsettled Politics

The transcript discusses the political landscape in Europe, focusing on elections in Spain and France, and the rise of new political movements. It highlights the challenges faced by traditional political establishments and the emergence of leaders like Macron. The economic implications of these political risks are also examined, with a focus on the ECB's potential actions and the impact of Brexit.

Discuss the implications of Macron potentially leaving the government and forming a new political party.

What challenges does the ECB face regarding low potential growth and interest rates?