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20 Jun 2016
ECB's Makuch: Brexit could lead to political instability in EU
European Central Bank (ECB) Governing Council member and Slovakia's central bank chief, Jozef Makuch crossed the wires via Reuters earlier today, stating the negative impact of a Brexit on the 19-nation bloc.
Key Quotes:
We see the risk of Brexit in three areas: political instability that could occur in countries with strong eurosceptic parties, which could lead to a local political instability
There is possible instability linked to the speed of integration
There are issues that require an unanimity which would be problematic to reach in case of uncertainty