ECB Governing Council member Ewald Nowotny warned that “nothing is as damaging as this long, prolonged uncertainty,” regarding Brexit. However, he added that “from the point of view of the banking side perhaps it’s not so much a technical problem because I think here we are pretty well prepared for whatever outcome there might be”.
Nowotny said “it could be a psychological problem … So if that is something that could create some kind of self-fulfilling negative perspectives, that is something that might be really dangerous.”
