Behind The Markets Podcast: Robin Brooks
Behind the Markets Podcast
00:00
Are You Still There? Can You Hear Me?
The conflict in the ukrane looks like it's headed for a long, drawn out slug fest. That is one of the things that for europe will have major implications. The call on the ureau, when we said that the ureau would go below parody back in mrch, i think we were around one 12, one 13. We're now right around parody. And so the magnitude of this negative shock to europe means that the urea will and should adjust. There's nothing bad to that. I get asked all the time, like theto signal something, something bad about europe. No, it's just what floating exchange rates do.
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