Triggering panic in the EU markets

In 2014 the stock markets slowdown was related to the shadow of Grexit.  And since last Friday, June 25th, Brexit vote and its implications have been threatening global markets.
There is no doubt that the Brexit referendum is a very important protest against the political elite, which is not taking into account the needs of the working class.  Consequently, EU policy makers are  afraid other people, such as Greeks, Spaniards and Italians, may follow the Britons. Politicians clearly foresee a situation in which Brexit  will cause a whole series of referendum through European countries, with the aim to leave the EU. In other words, the EU political elite foresees a domino effect of the Brexit referendum across Europe.
Moreover, Britain has voted to split up with the European Union in the same week Spain holds general election. And it may be interesting to underline that, according to surveys, 72 percent of the Spanish people do not trust the European Union.
In this perspective, there isn't any logical relationship between Brexit vote and market slowdown, considering that the British Stock market didn't fall so sharply, compared with Italian and Greek shares: it  dropped about 3 percent last Friday, although referendum has resulted in financial uncertainty and more than 60 percent of Scotland voters want to remain in the EU. On the contrary, broader European shares dropped by an average of 8.6 percent last Friday.
Is it  a conspiracy? It's to easy to see that a political elite has triggered panic in the stock market. EU policy makers have shown  to the people, who live in the EU countries, how a campaign to leave the EU will affect their savings. There is only a system of rule or government that may give them the right to do that to the European people: it's an authoritarian regime.