Although officials from Greek’s central banks have said Brexit’s fallout on its economy will be limited, its stock markets have plunged by 28%.

Greek’s central bank has notified that Britain’s decision to exit the European Union will have a limited impact on its economy.

“The impact of Brexit on Greece will be small, limited,” said an official from Greek’s central bank.  He went on to add, “Capital controls will shield us from the fallout.”

The immediate fallout of Brexit has been the nose diving of Greek’s stock market which has fallen by 28%. Greek’s two-year bond yields have jumped more than 240 basis points to 10.3%.

Categories: Economy & Finance, Geopolitics, Strategy

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