Type
Article
Titre
Economic outlook for the euro area : Chapter 1
Éditeur
paris : OFCE
Numéro
IAGS 2017
Pages
31 - 55 p.
ISSN
12659576
Mots clés
Brexit, European Union, Crisis
Résumé
EN
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.
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