ECB’s Draghi says companies need to step up no-deal Brexit plans

ECB President Draghi arrives at a European Union leaders summit in Brussels
ECB President Mario Draghi arrives at a European Union leaders summit in Brussels, Belgium March 22, 2019. Julien Warnand/Pool via REUTERS

March 22, 2019

BRUSSELS (Reuters) – The President of the European Central Bank Mario Draghi told European Union leaders on Friday that companies have to increase their preparations to face a possible no-deal Brexit, an EU source said.

“Authorities and central banks are prepared but the private sector has to step up preparations,” Draghi told EU leaders at a summit in Brussels, the source said.

(Reporting by Francesco Guarascio; Editing by Andrew Heavens)

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