Germany bracing for market volatility if UK leaves EU

14 Jun, 2016 2:51 pm

BERLIN – Germany is preparing for increased market volatility if Britain votes to leave the European Union next week, a top official with the German Finance Ministry said on Tuesday.

Jens Spahn, parliamentary state secretary in the ministry, told German broadcaster ARD that finance and equities markets were already anxious about the possibility that Britain could exit the bloc, but the reaction to a “Leave” vote could trigger far greater volatility.

“It will be important to demonstrate stability,” Spahn said. He said a British exit from the EU would be a huge loss, but it would be critical for Germany and the rest of the European Union to demonstrate unity and a determination to continue as a bloc. –Reuters

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