Draghi Avoids Brexit, Calls for Global Policy Alignment

The transcript discusses the speaker's avoidance of Brexit topics, possibly due to awaiting outcomes from the EU summit in Brussels. The speaker emphasizes the need for coordinated global fiscal, regulatory, and monetary policies. Options to address economic challenges include cutting interest rates and extending quantitative easing, though these come with limitations and potential liquidity issues.

Why did the speaker think Brexit was not addressed?

• The speaker was not interested in Brexit.

• The speaker wanted to wait for the EU summit.

• The speaker was afraid of the topic.

• The speaker had no opinion on Brexit.

What was the speaker's main message regarding global policy?

• Only fiscal policies need alignment.

• Fiscal, regulatory, and monetary policies need alignment.

• There is no need for policy alignment.

• Policies are perfectly aligned.

What is one potential action to combat Brexit's economic impact?

• Cut interest rates further.

• Increase taxes.

• Reduce government spending.

• Stop all monetary policies.

What is the current deposit rate mentioned by the speaker?

• 1.0%

• -0.4%

• -1.0%

• 0.5%

What is the potential issue with extending the QE program?

• It could lead to inflation.

• It might cause liquidity problems.

• It would decrease interest rates.

• It would increase taxes.