than for the U.K.”Of far greater concern will be if other European Union countries attempt their own exits — even if their efforts are unsuccessful. But if, down the line, Italy’s economy were to falter and help from the European Union was not forthcoming without tough conditions — remember Greece and the possibility of Grexit? If Brexit forces a material economic slowdown across the Continent, Italy’s banks — without a rescue plan — could significantly suffer. Consider this: Italy’s government is considering pumping as much as $45 billion into its banking system after the Brexit vote. The Netherlands is a relatively healthy country, so — as a matter of pure economics — the repercussions of its leaving the European Union would most likely be muted.

Source: New York Times June 28, 2016 00:57 UTC