Brexit impact on Greece seen limited: Bank of Greece sources

By: | Updated: June 24, 2016 4:59 PM

Britain's vote to exit the European Union will have a limited impact on the Greek economy, central bank officials said on Friday.

The impact of Brexit on Greece will be small, limited said Bank of Greece officials.(Reuters)The impact of Brexit on Greece will be small, limited said Bank of Greece officials.(Reuters)

Britain’s vote to exit the European Union will have a limited impact on the Greek economy, central bank officials said on Friday.

“The impact of Brexit on Greece will be small, limited,” one of the officials told Reuters. “Capital controls will shield us from the fallout.”

ALSO READ: WPP chief predicts a slowdown of the world economy after Brexit vote

Greek stocks nosedived on Friday, losing more than 12 percent, with bank shares underperforming with a plunge of 28 percent. Greek two-year bond yields jumped more than 240 basis points to 10.3 percent.

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