Capital flight

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Market stress - capital flows.

Capital flight is the movement of capital, under stress, to safe haven countries.

Eurozone referendum risk

"People do not realise what it would mean if Italy, for example, voted in a government that decided to hold a referendum to exit the eurozone.
Just the viability of a referendum would accelerate existing capital flight and increase the TARGET2 imbalances dramatically.
One would theoretically have to impose capital controls on the eve of the election result to prevent the system from melting down."
The Treasurer magazine, April 2017, p28 - Roland Hinterkoerner, founder, Expertise Asia.

See also