Economic outlook for the euro area
Journal article: While a Grexit was avoided in the summer 2015, the same was not true for a Brexit, as on 23 June 2016 British voters chose to leave the EU. This should, however, be a slow process since the United Kingdom and the European Union have a period of two years following notification by the British government of its decision to implement Article 50 of the Treaty on the European Union to come to an agreement specifying the conditions for withdrawal. This is triggering a new political crisis in Europe that will have long-term implications, as the agreement will redefine not only trade relations between the EU and UK but also the conditions governing the movement of people.
Author(s)
Georg Feigl, Markus Marterbauer, Miriam Rehm, Matthias Schnetzer, Sepp Zuckerstätter, Lars Nørvang Andersen, Thea Nissen, Signe Dahl, Peter Hohlfeld, Benjamin Lojak, Thomas Theobald, Achim Truger, Andrew Watt, Guillaume Allegre, Céline Antonin, Christophe Blot, Jérôme Creel, Bruno Ducoudre, Paul Hubert, Sabine Lebayon, Sandrine Levasseur, Hélène Périvier, Raul Sampognaro, Aurélien Saussay, Vincent Touzé, Sébastien Villemot, Xavier Timbeau
Journal
- Revue de l’OFCE
Date of publication
- 2016
Keywords
- Brexit
- European Union
- Crisis
Internal reference
- 2441/9labe9r4se65i789685qj0d3k
Pages
- 31-55
URL of the HAL notice
Version
- 1