UK will suffer most from Brexit, warns European Central Bank

The UK's exit from the European Union single market would not hurt the continent's eurozone economies as much as initially expected, and it will be Britain that suffers most, a leading European Central Bank official has said.

As Britain and the EU, including 19 countries in the eurozone, prepare to enter thorny discussions on how to set up new trade relations,Yannis Stournaras's comments suggested the eurozone would be in a stronger position to weather the uncertainty.