Europe fears end of liberal Western economic order

Another potential danger, according to economist Simon Tilford, the deputy director of London-based Centre for European Reform, comes from the veiled threats Trump has uttered towards the independence of the Federal Reserve, the US central bank. “You clearly see a scenario where instead of moderating Trump, the House and the Senate fall behind him, and there the implications for Europe could be pretty serious,” he said....For now, markets remain sanguine. But “they’re never good at assessing political risk,” Tilford said. And quite a few investors want to remember another Trump than the radical populist European leaders are fearing.