Five reasons why the United Kingdom can leave the EU and France cannot – Natixis France Brexit UnitedKingdom Europe Banks
“The UK gross external debt is in the country's own currency while France’s gross external debt is in euros. This means that a depreciation of the pound sterling has no effect on the UK external debt, while a depreciation of the French franc against the euro, which would be very likely if France left the EU, would lead to an unsustainable rise in France’s external debt.”
“The London financial centre has suffered little from the UK's exit from the EU, which would not be the case for Paris, which is a financial centre only because France is in the eurozone.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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