Thursday, June 30, 2016

- Brexit is no disaster – OBI Online

– The British economy will be weaker, but there will be no disaster, said David Rubenstein, co-founder and head of Carlyle Group, according to Bloomberg.

One of the main challenges, according to Rubenstein that larger banks probably must transform their operations.

he also believes that a withdrawal of Scotland from the 309-year-old union with England can be challenging when Scotland is the largest oil producer in the UK.

Rubenstein underlines that it will take a long time before we will see all the consequences of this choice.

Reversing Brexit?

Due to the high costs related to a Brexit doubt however, Rubenstein that Britain will eventually choose to secede from the EU.

Among other things, he points out that the referendum is not formally binding.

– I am quite optimistic that British leaders to find the reason and understand that a Brexit not wanted by anyone, he said, according to news agency.

Larry Fink, head of BlackRock, has previously had similar statements.

– we will first see who becomes the next prime minister of England, he stated to Bloomberg on Wednesday.

Then he says we will more readily understand the British leaders will attempt to reverse a Brexit or not.

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