- The first hard data after the BREXIT won’t be available until October, but property funds are already frozen.
- The decline of the pound will lower UK GDP and will spill over into Europe.
- Italian banks are in trouble as 25% of GDP are nonperforming loans.
As two weeks have passed since the BREXIT debacle, most heads have cooled off and we can calmly look at the current situation in Europe, the repercussions of BREXIT and contagion risks. It is important to analyze the full potential impact of the BREXIT by analyzing the stability of the European financial system, business investments, hiring and the political risk premium. More →