UPDATE 1-ECB's Nowotny: Brexit would hurt financial business in London

June 16, 2016 10:48 AM

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* Brexit would cause short-term turbulences in markets (recasts, adds comments)

VIENNA, June 16 European Central Bank governing council member Ewald Nowotny said a British exit, or Brexit, from the European Union after a referendum on June 23 would hurt the 'City of London', as businesses would move to financial centres in the EU.

Also read: Swiss see opening for finance sector in British exit from EU

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