Brexit Will Cost EU's GDP 0.3-0.5% Over Next 3 Years
President of the ECB Mario Draghi
Frankfurt - QNA
Britain's departure from the European Union is expected to shrink the Eurozone's economy by 0.3-0.5% in the next three years, European Central Bank (ECB) said Tuesday.
President of the ECB Mario Draghi informed EU leaders of the bank's estimates, German news agency DPA reported today. Draghi stressed that the ECB was ready for all contingencies saying that preparations included making sure that existing arrangements for the Frankfurt-based bank to stabilize markets and provide liquidity are usable, active and adequate.
The Brexit vote caused a two-day sell off in the global markets, the value of the Pound Sterling also fell more than 8% during those two days.
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Moscow - TASS
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London - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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All rights reserved to Arab Today Media Group 2021 ©
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