Austria’s Kern Confident U.K. Exit Won’t Spark Domino Effect
- Brexit causes ‘big mess’ and ‘enormous damage,’ Kern says
- Draghi delivered ‘stunning message’ on economic fallout
Austria's Kern: 'Quite Sure' No U.K. Domino Effect in EU
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Austrian Chancellor Christian Kern said he doesn’t expect a “domino effect” following the U.K.’s vote to leave the European Union as the economic damage it will do to Britain will prevent it from becoming a role model for other EU nations.
Kern, who is facing a euroskeptic opposition at home that is already toying with the idea of starting a similar referendum, said in an interview with Bloomberg TV that the economic facts of the Brexit fallout would speak for themselves.