ViennEast investor outlook: Öxit referendum

Forecast: A referendum on EU membership is possible but would very likely fail; however, the political landscape is likely to become more eurosceptic.
On 27 June, the presidential candidate of the far-right Freedom Party (Freiheitliche Partei Österreichs: FPÖ), Norbert Hofer, suggested in the wake of the UK referendum on EU membership that if the bloc did not reform itself within one year, a similar vote could be held in Austria. On 8 July, he distanced himself from the comments, saying that he supported EU membership and that ‘Öxit’ would be highly damaging.

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