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IPFS News Link • European Union

Here They Come: ECB Pledges To Bailout Markets In Case Of Brexit

• zerohedge.com

with the endless doomsday scenario postulated by pundits, economist and central bankers, among which BOE governor Carney himself warning of a potential recession, a collapse in Sterling and a sharp drop in capital markets and David Cameron going so far as threatening with war, this may be about to play out. And, if anything, the passage of Brexit would test just how bad at forecasting all the supposedly smartest people once again are.

However, these ridiculous predictions of fire and brimstone will not happen. The ECB has made sure of that.

According to a Reuters report, the European Central Bank would publicly pledge to backstop financial markets in tandem with the Bank of England should Britain vote to leave the European Union.

In other words, Brexit is now the most bullish thing conceivable, something we first hinted a month ago...