"The risk of a break-up is real," EU's Tusk says

French President Francois Hollande has made clear that in his view there is work still to be done to secure a deal at the European summit this week to help keep Britain in the EU, Reuters cited a presidency source as saying after a visit by British Prime Minister David Cameron in Paris on Monday.

“This is a critical moment,” European Council President Donald Tusk said on Monday according to AP. “The risk of break-up is real,” he was quoted by the news agency.

A poll published on Monday showed that four in five British and German executives want the UK to stay in the EU. Should Britain vote to leave however, the poll of 782 business leaders, conducted by the Economist Intelligence Unit, found that nearly one third would reduce or relocate their capacities in the UK, Politico Europe said.

See also our cepAdhoc on the matter.