Brexit vote unlikely to have ‘domino effect’ in EU: Austria

By: | Published: June 24, 2016 1:52 PM

'Europe will lose status and significance in the world because of Britain's step' says Christian Kern.

'I do not fear a domino effect in EU' Kristern Kern said. (Reuters)‘I do not fear a domino effect in EU’ Christian Kern said. (Reuters)

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.

Also Read: Brexit adds to fragility of global growth

“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.”

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition