A “Non-euro” Zone after a Possible Brexit
A “Non-euro” Zone after a Possible Brexit

Author(s): Sebastian Płóciennik
Subject(s): Governance, EU-Accession / EU-DEvelopment
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: eurozone; economy; Euro; Europe; European Union; United Kingdom
Summary/Abstract: The UK’s exit from the European Union will change the relationship between eurozone countries and those without a common currency—primarily to the detriment of the latter. They will be faced with a choice between fast-track adoption of the euro or political and economic marginalisation. The obvious political and economic risks associated with both options can be limited by stabilising the relationship between the eurozone and EU Member States without the common currency. In this context, it is worth considering strengthening the European Exchange Rate Mechanism.

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