Existential problems apart, there are also numerous practical implications of a possible Brexit. First, the UK is one of the largest European economies; London, rather than Frankfurt, is Europe’s key financial centre. The EU’s global economic clout will be much less impressive without the UK; the single market will require new arrangements, and Europe’s banking system will be difficult to run with the UK as a competitor rather than a partner.
Posted on: Fri, 25 Jul 2014 14:50:56 +0000
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