“The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.”
MF Chief Christine Lagarde has once again spoken against the UK leaving the European Union. She has predicted “a sharp” drop in equity and house prices, increased borrowing costs and a sudden stop of investment inflows into commercial real estate and finance.
“We have looked at all the scenarios. We have done our homework and we haven’t found anything positive to say about a Brexit vote,” she said at a press conference at the Treasury in London on Friday. According to the IMF, the impact would range from “pretty bad to very, very bad.”