Cameron Gamble on EU Seen Threatening U.K. Recovery – Bloomberg 01-25-13

Salient to Investors:

Executives and economists said Britain’s pledge to hold a referendum on leaving the EU may damage investment and jeopardize an economy facing its first triple-dip recession.

Adam Posen said the prospect of a referendum will hurt  investment in the UK, and to stretch it out until 2017 is madness.

Barclays Research said the uncertainty will harder to attract inward investment, and may prompt UK firms to expand operations in EU countries rather than domestically.

Lloyd Blankfein at Goldman Sachs said a British exit from the EU would be detrimental.

Read the full article at http://www.bloomberg.com/news/2013-01-25/cameron-gamble-on-eu-seen-threatening-u-k-recovery.html

 

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