A cocoa price crisis, Draghi quitting the ECB, and a devaluation in the yuan could all be on the cards for 2015, Saxo Bank chief economist Steen Jakobsen (pictured) has predicted in his annual ‘Outrageous Predictions'.
Mario Draghi steps down from the ECB European Central Bank president Mario Draghi is "very likely" to leave his role to return to Italy and enact real reform in 2015, Saxo Bank predicts. Outlandish as it sounds, Jakobsen highlighted that Italy's 89-year-old President Giorgio Napolitano, who reluctantly agreed to a second term in 2013 at a time of political crisis, is rumoured to be stepping down early next year. "Draghi is very likely to quit the ECB. I think he is at the end of the road. If you wanted to create a situation that was acceptable for everyone, Draghi quits and goes ba...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes