French central bank chief warns about Brexit consequences

Britain should stay in the European Union, but regardless how it votes on June 23, the EU needs to forge closer ties to get out of its economic rut, the head of the French central bank said on Monday. A British exit would have consequences for both financial markets and monetary policy, with implications for the single financial market, said Francois Villeroy de Galhau, who also sits on the European Central Bank's Governing Council. The Bank of England is already working on contingency plans, he