SOME FINANCIAL CONSIDERATIONS ABOUT UK’S REFERENDUM FOR LEAVING THE EUROPEAN UNION Cover Image

UNELE CONSIDERAȚII FINANCIARE CU PRIVIRE LA REFERENDUL UK PENTRU PĂRĂSIREA UNIUNII EUROPENE
SOME FINANCIAL CONSIDERATIONS ABOUT UK’S REFERENDUM FOR LEAVING THE EUROPEAN UNION

Author(s): Alina Buzăianu
Subject(s): Financial Markets, Fiscal Politics / Budgeting
Published by: Universitatea Crestina "Dimitrie Cantemir"
Keywords: European Union; Brexit; economic risks; referendum; vote; skepticism;

Summary/Abstract: The UK will hold a referendum on June 23rd to decide if it will stay in or leave the European Union. Should the U.K. remain in or leave the European Union? That's the question the British public will decide in the above mentioned referendum. Europe is especially vulnerable. Britain has been among the best performing of the major European economies in recent years, and many economists say a vote to leave the EU would hit investment hard—and possibly deliver a shock to consumption and growth overall. It is widely assumed that Britain’s aristocracy of large, global businesses would suffer in the event of a Brexit vote. Skepticism toward European integration is rising across the continent. A median of 51% across 10 member countries surveyed have a favorable view of the EU, compared with 61% a year ago, according to a new study by the Pew Research Center, while 70% of those surveyed said they think it a U.K. exit would be bad for the EU. Meanwhile, the closeness in polls of the U.K.’s coming vote on whether to leave or stay in the European Union is causing jitters in Asian markets and making investors all over the world pretty nervous.

  • Issue Year: VII/2016
  • Issue No: 26
  • Page Range: 118-126
  • Page Count: 9
  • Language: English