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ECB's Draghi says consequences of Trump's win hard to assess

Published 21/11/2016, 18:31
© Reuters. European Central Bank President Draghi addresses the European Parliament in Strasbourg

FRANKFURT (Reuters) - The European Central Bank's President Mario Draghi said on Monday that one should look beyond a "muted" market reaction to Donald Trump's U.S. election win, which will have long-term consequences that are difficult to predict.

"I don’t think we should stop at that (muted market reaction)," Draghi told the European Parliament.

© Reuters. European Central Bank President Draghi addresses the European Parliament in Strasbourg

Likening Trump's victory to Britain's vote to leave the European Union, Draghi added: "Clearly, these changes have a long term impact which is very difficult to assess."

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