ECB’s Rehn Says Brexit Poses Biggest Short-Term Risk

The possible Brexit fallout poses the biggest short-term danger for the economy and financial markets appear to “underestimate the risk,” European Central Bank Governing Council member Olli Rehn said in an interview with Die Welt published on Monday.

The central bank must ensure there is “no bigger turbulence” even if the U.K. does leave the European Union without a deal, Rehn told the German newspaper, adding he hopes the no-deal Brexit scenario will not take place.