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Brexit poses serious political ramifications for the rest of the EU

Codogno, Lorenzo (2016) Brexit poses serious political ramifications for the rest of the EU. LSE Brexit (05 May 2016). Website.

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Abstract

It is not obvious if the EU would lose or gain from a Brexit, writes Lorenzo Codogno. Judging from trade and investment flows, the divorce should have less of a negative impact on the rest of EU than on the UK. Some service sector businesses could potentially relocate to the EU, and the area could divert foreign direct investment from the UK. Financial market volatility, uncertainty, and loss of confidence in the EU project could pose a more immediate and severe risk. Moreover, there is a threat of serious political ramifications and a domino effect for the rest of the EU. A Brexit would bolster anti-Euro populist opposition parties, with potentially destabilising effects for the EU and the Euro Area.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/brexit/
Additional Information: © 2016 The Author(s); Online
Divisions: European Institute
Subjects: J Political Science > JN Political institutions (Europe)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Sets: Departments > European Institute
Collections > LSE Brexit
Date Deposited: 10 Apr 2017 11:25
Last Modified: 19 Nov 2019 21:40
URI: http://eprints.lse.ac.uk/id/eprint/73178

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