Former Bank of England governor Mervyn King spouting forth.

  • UK referendum can not be reduced to cost-benefit analysis
  • UK membership in EU is not an existential issue

King out on Bloomberg on a range of issues.

Needs something else to focus on now he's resigned his football directorship after just two months.

  • doesn't see market economy working when interest rates are zero
  • worst thing possible would be to try to fix exchange rates