'Europe will lose status and significance in the world because of Britain's step' says Christian Kern.
Austrian Chancellor Christian Kern does not expect a “domino effect” of referendums on membership of the European Union after Britain voted to leave the bloc, adding that his country would not hold a similar vote of its own.
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“I do not fear a domino effect,” Kern said in a statement to reporters on Friday. “Europe will lose status and significance in the world because of Britain’s step. The long-term economic effects will also be felt for some time.”