Eurozone collapse more likely after Brexit, warn investment banks

Eurozone collapse more likely after Brexit, warn investment banks
 

Brexit could spark a total collapse of the single currency and the economic bloc, JPMorgan chief executive Jamie Dinon warned.
Speaking at the International Institute of Finance he said Britain's departure “made the chances of the eurozone not surviving in the next decade five times higher,” reported the Financial Times.
Fears over the eurozone's stability have jumped following Brexit, added James Gorman, chief executive of Morgan Stanley.
He said: “Brexit is all about the survival of the union. It’s been a phenomenal social, economic and military success.
"But somewhere that has been... read more

 
9 October 2016 in Business, Views: 62
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