ECB official: Brexit impact on eurozone less than expected

October 7, 2016 3:25 PM

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ECB official: Brexit impact on eurozone less than expected

ATHENS, Greece – A European Central Bank official says Britain's exit from the European Union's single market would hurt the bloc's eurozone economies less than initially expected, and that Britain stands to suffer most.

Yannis Stournaras, who is also governor of the Bank of Greece, told The Associated Press on Friday that while Britain's decision to leave the EU is not pleasant and the negotiations will not be easy, "it seems that the effect on the euro economy will be much less than initially anticipated."

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