The Anger Within Europe Causing Political Uncertainty

Bloomberg Video

Nov.24 -- The European Central Bank warned that the risk of an abrupt global market correction on the back of rising political uncertainty has intensified, posing a threat to banks, stability and economic growth. “More volatility in the near future is likely and the potential for an abrupt reversal remains significant,” the central bank said in its twice-yearly Financial Stability Review published on Thursday. “Elevated geopolitical tensions and heightened political uncertainty amid busy electoral calendars in major advanced economies have the potential to reignite global risk aversion and to trigger a major confidence shock.” U.K. Shadow International Trade Secretary Barry Gardiner, Panmure Gordon Chief Economist Simon French and Bloomberg's Elisa Martinuzzi discuss the Italian referendum and political risks with Francine Lacqua on "Bloomberg Surveillance."