Bankers have long been fond of jargon and they do a good line in euphemisms too. As we reported in December, some will do anything to avoid actually saying that the economy is in tatters and people are being sacked.
But a new term has emerged: geopolitical risk. The capital markets are labouring under the threat of geopolitical risk, waiting for the impact of geopolitical risk or facing geopolitical crisis.
A dictionary definition of geopolitics is the “study of the effect of geographical factors on politics, especially international politics”.
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