Analysts fear a ‘Brexit’ could spark turmoil in European markets, 10 days before the British voters go to the ballot bosxes to decide on the fate of their country in the EU. Pundits claim the prospect of the UK exiting the European Union would cause a massive unloading of shares deemed to be risky, especially banking stocks, according to Italian newspaper ‘La Stampa’.

Meanwhile, the head of the European Central bank (ECB), Mario Draghi says the ECB is ready to deal with any outcome. ‘We are prepared for the worst case scenario’, the head of the ECB’s audit group, Daniele Nouy, told the European Parliament. She said the ECB had asked for the European bank’s plans in the event of a ‘Brexit’, adding that the European Central bank was carrying out stress tests to ensure the European banking institutions were adequately ‘fortified’. Economist Paola Subacchi of London-based Chatham House predicted there would be a massive outflow of Euros from the UK banking system, which would be the start of a period of uncertainty.