Airbus Says Brexit Would Increase Risks

May 21, 2015 Share Print 0

European aerospace giant Airbus has weighed into a debate about Britain’s future in Europe, warning of job losses and “huge” economic risks if the country votes to leave the European Union in a referendum to be held by 2017.

A decision to quit the EU would raise doubts about Airbus’s long-term future investments in the country, the company’s top U.K. representative said, although the time needed to transfer manufacturing skills meant it could not easily shift its current operations. Airbus employs 16,000 people in the U.K.

“I don’t believe that there is anyone who has run a global business who can truly, and clearly, argue that there will be greater value and economic benefit outside of the EU, as opposed to in it,” Paul Kahn, president of Airbus Group UK, said in a speech to Welsh business leaders on Wednesday.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.