ECB's Villeroy: Trump election means more risks for world economy

The election of Donald Trump as the next U.S. president means there will be more downside risks to the global economy, ECB policymaker and French central bank head Francois Villeroy de Galhau said on Wednesday.

"The American election must sound a wakeup call for Europe", he said, speaking at a business conference in France, adding that while Trump's concrete policy moves had to be seen, there was a risk his plans could lead to a higher deficit and more inflation in the United States.