Ana Palacio: The Causes and Consequences of Brexit – Project Syndicate

CK MacLeod

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1 Response

  1. Kolohe says:

    Minister Palacio’s concerns seem a bit overwrought. ‘devastating blow to European integration’ of course begs the question on the goals and goodness of European integration. I completely fail to see how the US UK relationship will be altered with a UK withdrawal from the EU – if anything, it should make ties with the US tighter. EU membership contributes to London’s locus as a world financial center, but is far outweighed by historical factors and just proximity to Europe – and *not* being part of the Euro currency regime is what gives it its premiere position right now. As she says towards the end with other examples, the UK is almost the least EU member of the other members, and certainly far, far less integrated than the other large EU economies are.Report