Reuters International

Italy's Economy Minister Pier Carlo Padoan listens to a reporter's question during a news conference at the end of a cabinet meeting at Chigi Palace in Rome, Italy, October 15, 2015. REUTERS/Tony Gentile


LONDON (Reuters) - Italian Economy Minister Pier Carlo Padoan said on Wednesday that a British vote to leave the European Union would be a systemic concern as other European countries could consider a similar move.

"It would hurt the U.K. economy as well as the euro zone economy. If the U.K. leaves the block other countries could use the U.K. as an example to follow," he said.

Padoan also said Brexit would reduce the benefits of integration for other EU members.

"The cost of Brexit outweighs the benefits," he said.

(Reporting by Pamela Barbaglia; editing by Dhara Ranasinghe)


 Reuters International