French daily Le Parisien is warning Brexit could bring economic chaos, with a warning that the country could face the prospect of a financial crisis.
The newspaper said the UK would have to pay a huge sum to exit the EU, and warned that the financial and economic crisis could arise in the coming months.
“If Brexit succeeds, we may see an economic crisis that will threaten the stability of the whole European Union,” Le Parisian’s editorial page wrote.
“The situation in Europe will be dire if Brexit succeeds.”
Le Parisian cited the example of the Netherlands, which has a net loss of 2.3 billion euros ($3.5 billion) because of the uncertainty around Brexit.
“It could take years to recover and if it does not, the Dutch economy will become even less stable than in the case of France, and a crisis could emerge,” the paper said.
“But if Brexit is successful, the situation will worsen because the costs will be even higher than in France.”
Le France daily said Brexit would not only hurt the British economy, but the entire European Union.
“We are not talking about a simple financial collapse here, but an economic catastrophe that could be the result of a political crisis and a financial disaster,” the newspaper said.
The paper said the consequences of Brexit would be “unprecedented” and called on British Prime Minister Theresa May to explain what Brexit would mean for Britain’s future trading relationship with the EU.
“There are also the implications of the new British law that allows the UK to quit the EU without any conditions.
This would trigger a major trade war with the European Union and with other countries,” Le France said.