European Commission in Panic Over New Brexit Poll

by Christopher Quigley
Financial Sense

In 17 days time, on the 23rd. of June, Britain goes to the polls to decide whether to stay in the European Union or not. Should Great Britain opt to leave it will send financial and political shock waves around the world. Many believe a win for the leave faction would put Europe’s stressed banking system under such pressure that a “Lehman Brothers-type event” could occur, the main candidate being Deutsche Bank with its 75 trillion derivative exposure. Thus, June 2016, could turn out to be one of the most volatile trading months in financial history.

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