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EU’s Dombrovskis warns of liquidity risks from no-deal Brexit – Reuters

The EU commissioner in charge of financial services Valdis Dombrovskis said on Tuesday, a no deal Brexit is likely to have a negative impact on liquidity in the financial markets, Reuters reports.

Key Quotes:

“We will not be able to mitigate all possible negative economic effects. There is going to be disruption. There may be effects on liquidity.”  

There was a “material risk” that Britain will leave the EU on April 12 without a divorce deal.

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