Brexit needs a timeline, so as to contain its economic costs.

Benoit Coeure, an executive council member of the European Central Bank has termed Brexit as a move which questions the irreversibility of the project of the European Union.

“Brexit created a climate of uncertainty, financial uncertainty in the short-term, and the Central Bank can answer that, it already did,” said Coeure during a business conference in Aix-en-Provence, a city in southern France.

He went on to add, “We have instruments that we are ready to use, thank God we didn’t have to use them so far, but we are ready to do so.”

Earlier last week, Coeure had wanted a timeline for Britain’s much vaunted exit from the European Union, saying the prolonged uncertainty has an economic cost not only for Britain by for the EU as well.

Categories: Economy & Finance, Geopolitics, Regulations & Legal, Strategy, Uncategorized

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