Moody’s: Brexit 'May Trigger the Collapse of Fragile EU'
In a report published late-Thursday, credit ratings agency Moody’s warned that Brexit could lead to the collapse of the European Union (EU).
Key findings from the report:
A risk the Brussels club could disintegrate even if the UK votes to stay in the June referendum – and it could be a matter of ‘when, not if’
Even if the EU survives its current challenges largely unscathed, even a “small” future crisis could threaten the sustainability of current institutional frameworks, if it coincided with negative public sentiment and populist political developments. This can create the impression that the question is when the system breaks, rather than if
A British exit could spark an ‘existential moment’ for the EU