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Dublin: 12 °C Saturday 19 April, 2014

Katie Price urges closer EU fiscal union but warns against quantitative easing

The glamour model said that her Twitter account had not been hacked as she gave her take on world economic affairs this afternoon.

Economist Katie Price
Economist Katie Price
Image: Dominic Lipinski/PA Wire

AUTHOR AND BUSINESSWOMAN Katie Price has said that her Twitter account was not hacked after she unexpectedly tweeted her thoughts on major economic issues.

The former glamour model who is also known as Jordan surprised followers when earlier this afternoon she tweeted: “Great news about China’s latest GDP figures!!”.

She followed this with a prediction: “Chinese leaders now likely to loosen monetary policy to stimulate growth. Yay!!”.

Her warning against large scale quantitative easing met with approval from some experts on Twitter including Robert Peston, the Business Editor for the BBC who tweeted that Price was  ‘Not wrong’.

Price had tweeted, “Large scale quantitative easing in 2012 could distort liquidity of govt. bond market. #justsayin”.

Price’s controversial proposal to solve the ongoing crisis in the eurozone also met with approval.

“OMG!! Eurozone debt problems can only be properly solved by true fiscal union!!! #comeonguys,” she tweeted.

However there were suspicions that the tweets could have been an attention-grabbing stunt as part of an advertisement.  Before denying that she had been hacked, Price tweeted a photograph of herself holding a well-known chocolate bar accompanied with the advertising slogan for the bar.

Eurozone leaders could not be reached for reaction on the call for closer fiscal union.

Katie Price urges closer EU fiscal union but warns against quantitative easing
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