Brexit Would Trigger Disintegration of the EU Not the UK, Say Barclays
Thursday, January 28, 2016 11:55
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Vote on EU membership is one of “the most significant global risk events of the year” but has been underestimated by markets
by Mehreen Khan
Telegraph.co.uk
Financial markets are underestimating the “Pandora’s Box” effect of a British exit from EU, Barclays has warned, echoing fears that Europe, rather than the UK, would suffer the worst consequences of a “Brexit”.
Barclays said investors had failed to grasp the sheer “breadth” of the referendum, calling it one of “the most significant global risks of the year” which could lead to the disintegration of the European project.
“The referendum is generally seen as a ‘UK’ issue, when it is better seen as a European issue” said Philippe Gudin of Barclays.
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Source: http://financialsurvivalnetwork.com/2016/01/brexit-would-trigger-disintegration-of-the-eu-not-the-uk-say-barclays/?utm_source=rss&utm_medium=rss&utm_campaign=brexit-would-trigger-disintegration-of-the-eu-not-the-uk-say-barclays
