BlackRock chief calls on politicians to address fiscal policy or face 15% market fall

'Too much anger'

Laurence Fink, CEO of BlackRock, the world's largest asset manager, has warned markets could fall 15% unless politicians around the globe address fiscal policy and provide a much-needed boost to GDP growth.

Talking to Bloomberg, Fink (pictured) said Europe is in "dangerous water" as the real consequences of Brexit are yet to be understood while the Italian referendum adds to uncertainty. "In many countries, we have this divide. Brexit was voted for by only 52% of the country, and the polls here [in the US] are divided. Countries across the board are very emotional right now, I have never seen this level of emotion. "We need politicians worldwide to address the thus anger or it will only get worse. It is not going to go away with the [US] elections," he said. Revealed: The top (and bot...