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Economic outlook for the euro area: Chapter 1

Georg Feigl, Markus Marterbauer, Miriam Rehm, Matthias Schnetzer, Sepp Zuckerstätter (), Lars Andersen, Thea Nissen, Signe Dahl, Peter Hohlfeld, Benjamin Lojak, Thomas Theobald (), Achim Truger, Null Null, Guillaume Allègre (), Céline Antonin, Christophe Blot (), Jerome Creel (), Bruno Ducoudré, Paul Hubert (), Sabine Lebayon, Sandrine Levasseur, Hélène Périvier, Raul Sampognaro, Aurélien Saussay, Vincent Touzé (), Sébastien Villemot () and Xavier Timbeau ()
Additional contact information
Georg Feigl: Institute of Anatomy
Null Null: Macroeconomic Policy Institute (IMK)
Céline Antonin: Observatoire français des conjonctures économiques
Hélène Périvier: Observatoire français des conjonctures économiques
Raul Sampognaro: Observatoire français des conjonctures économiques
Aurélien Saussay: Observatoire français des conjonctures économiques

Sciences Po publications from Sciences Po

Abstract: 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.

Keywords: Brexit; European Union; Crisis (search for similar items in EconPapers)
Date: 2016-12
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Published in Revue de l'OFCE, 2016, pp.31-55

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