JPMorgan's Bassi Says Too Early for ECB to Talk Tapering

The transcript discusses the European Central Bank's (ECB) potential tapering and its implications, particularly in light of the French elections. It explores the risks of a eurozone breakup and the ECB's possible measures to counteract financial stress. The conversation also covers market reactions to political events, such as Brexit and Trump's election, and the potential for fiscal integration in Europe. Italy's political landscape is highlighted as a medium-term risk. Additionally, the transcript touches on expectations from the Federal Reserve and projections for the euro-dollar exchange rate.

What is the current stance of the ECB regarding tapering, according to the speaker?

What are the potential risks mentioned regarding the French elections?

How does the speaker view the impact of the ECB's actions on financial markets?

What measures does the speaker suggest the ECB could implement to address market concerns?

What is the speaker's perspective on the potential for a fiscal union in Europe?

What does the speaker predict about the euro-dollar exchange rate by the end of the year?

What concerns does the speaker express regarding the equity market dynamics?