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February 1, 2023

RBS chief Hampton expects ‘small country’ to leave euro

British lender Royal Bank of Scotland’s chairman, Philip Hampton, expects a “small country” to leave the euro zone, sending shockwaves around Europe’s banking system, Sky News informs. Hampton made the prediction on Wednesday, in a prerecorded programme scheduled to be broadcast on Thursday, during Jeff Randall’s Christmas Dinner, a seasonal discussion between business leaders. “It could be any of them because I think that some of these things will be driven by political events, as much as by economic circumstances and social unrest, and all of those sorts of things. But I think there is a very good chance that one country will fall out.” The chairman of RBS, which came near to bankruptcy during the 2008 financial crisis and is now 83% owned by the taxpayer, also admitted things could still go horribly wrong in Britain’s banking system.

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