Stock exchanges: fear of the crash – economy
financial markets
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fear of the crash
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The City of London is home to both the Stock Exchange and the Bank of England.
(Photo: Henry Nicholls/Reuters)
A new populist government in Italy, extreme debt in Great Britain: the stock markets are unsettled. How dangerous is the situation? The most important questions and answers.
Of
Jan Diesteldorf, Victor Gojdka, Alexander Mühlauer and Markus ZydraFrankfurt/London
The courses at the exchanges keep falling. On the trading floor, some are reminiscent of “Black Monday” in 1987, and investors are looking for historical parallels to the first stock price crash after the Second World War. In addition, fears of a euro sovereign debt crisis are reviving because Giorgia Meloni, a right-wing populist politician, is coming to power in Italy – the reliable Prime Minister Mario Draghi is history. Meanwhile, British Prime Minister Liz Truss is spending so much money that lending rates are skyrocketing – and the pound is smearing in the currency markets at record speed.
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