Deutsche Bank warns Frexit would surpass Lehman Brothers crisis


If France left the European Union and eurozone, as championed by far-right presidential election frontrunner Marine Le Pen, the ensuing breakup of Europe's economic and monetary union 'has the potential to go beyond a Lehman's moment' and would be a 'nightmare', according to analysts at Deutsche Bank.

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Past performance is no guide to future returns, as investors are so often told, but the French electorate runs the risk of creating a crisis worse than the fall of Lehman Brothers if it follows the UK in instigating a referendum on EU membership, according to analysts at Deutsche Bank, reports CNBC.