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JPMorgan CEO Dimon issues stark warning about ‘catastrophic’ events if Italy leaves the euro

“Because of the way it has been designed, the European Monetary Union would be hard to reverse without causing catastrophic events,” Dimon told the paper” writes Will Martin for businessinsider.com. Official policy is that the government backs remaining in the European Union, but Matteo Salvini, the Lega Nord’s leader, is an avowed eurosceptic, and is believed to privately back an exit.JPMorgan boss Jamie Dimon has warned Italy’s populist government of the likely “catastrophic” consequences that would come from attempts to pull the country out of the eurozone.
 
Source: businessinsider.com



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