Amundi’s CEO warns of Brexit impact on rest of Europe

Amundi’s CEO Yves Perrier (pictured) has given his view on risks Europe and the markets would run if the UK appears to leave the European Union.

Perrier assessed that Brexit is not the most likely scenario to happen and that it is “definitely the least desirable outcome.”

“A Brexit vote would mark the beginning of a two year negotiation between the UK and the European Union, the outcome of which we cannot predict. In terms of the markets, it would lead to a period of increased uncertainty and volatility,” he said.

According to Perrier, the impact of a Brexit on the rest of Europe remains a bigger issue.

“The evolution of the European Union has always been somewhat ambiguous, but this would be the first steps backwards. In the context of rising nationalistic sentiments, Brexit could reinforce the idea that it is possible to ‘unpick’ Europe,” he highlighted.

Perrier added the only positive outcome could be that a Brexit vote would act as a catalyst strengthening the European project.

“By voting for Brexit, Britain would in effect give a bad answer to an important question: how does the structure of Europe furnish answers to citizens’ legitimate preoccupations about the project?

“We have reached the limits of the ‘technocratic’ phase of the European project. It is time to rekindle the positive spirit of European convergence by taking into account the specific and sometimes contradictory interests of the nations that make up the EU,” Amundi’s CEO underlined.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!