The Post-Brexit European Union

INTERECONOMICS,Vol 51, No.5 September/October 2016                                                                                                       

Forum: The Post-Brexit European Union                                                                                      

It is no understatement to categorise the UK’s decision to leave the European Union as one of the biggest geopolitical events in modern European history. On 23 June 2016, a slight majority of 52% of the UK’s voting citizens decided to opt for isolationism and protectionism over globalisation and the free movement of goods, services and people. The European project has never suffered a setback like this, and questions over the very future of the project must be asked in the wake of this reality in which one of the EU’s major powers has decided to opt out. Although history is currently being rewritten with the benefi t of hindsight, portraying Brexit as an inescapable inevitability since the UK fi rst entered the EEC in 1973, it is important to remember how much of a shock the result was at the time. While it is too soon to expect detailed studies on the full consequences of Brexit, the situation can be analysed using the data we already have: the economic and legal framework that exists between the UK and the EU. Through this lens, we can look at the possible future relationship between the two actors and perhaps better understand how they grew apart. This Forum examines Brexit from a variety of angles, ranging from London’s status as the financial centre of Europe to intra-EU migration to the very future of the European project.

Forum: What Future for the EU After Brexit?

By Paul De Grauwe

Forum: EU Migration to and from the UK After Brexit

By Paul Carlos Vargas-Silva

Forum: EU Financial Market Access After Brexit

By Karel Lannoo

Forum: Brexit as an Inelastic Good: A Microeconomic Theory of Direct Democracy

By Matt Qvortrup

Letter from America: The US Presidential Candidates and the Economy

By Leonard Burman

Editorial: New Models of Economic Integration for Turkey and the UK

By Sinan Ülgen

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