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Brexit should lead to reflection on future of EU - Bank of Spain

Source: Reuters - Wed 6th Jul 2016
Brexit should lead to reflection on future of EU - Bank of Spain

Britain's vote to leave the EU should lead to a period of reflection on the future of the bloc, Bank of Spain Governor Luis Linde said, adding it was too early to measure its impact on the stability and economic recovery of the euro zone.

The combination of ageing populations, low productivity growth and high levels of public and private debt have limited euro zone growth capacity, prompting disenchantment and lack of confidence in the European project, he said on Wednesday.

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