ECB's Villeroy: No-deal Brexit would be detrimental for the British economy

The European Central Bank (ECB) Governing Council member and Governor of the Bank of France - Francois Villeroy de Galhau said that a no-deal Brexit will be detrimental for the British economy but only has limited impact to the Euro-zone economy.

Speaking at the Europlace financial forum in Tokyo, Villeroy further added that Europe is prepared if there is a no-deal outcome on Brexit.