Calls for keeping a low-key profile till the new UK Prime Minister takes office and agrees terms with its EU partners on the broad Brexit strategy seem to be being largely ignored. Mr Juncker jumped on the opportunity to deliver a stern and ill-timed warning to the UK.
Banks have to do more to fuel growth. Even though they can’t be blamed for the fact that even the European growth rate potential is below 1% (1.5% growth forecast for the whole year). Confidence: that is what the authorities should be transmitting to the banking sector. And more regulatory clarification, so that uncertainties will be eliminated in the future.
The anti-Brexit supporters continue to fire a battery of the most dire predictions, without there really being any reliable information or models on which to form such precise and one directional forecasts. Furthermore, they are shooting themselves in the foot because Brexit is irreversible.
Natixis AM | People are comparing Brexit to what happened in 2008 at the outset of the Global Financial Crisis. We don’t believe this is a correct comparison. There are some positives that need to be considered. It will be equally interesting to see what the European leaders are going to do now.
Nick Malkoutzis via Macropolis | British voters’ decision to head for the European Union’s exit door will test the EU like never before. Brexit has the potential to unleash not just a wave of consequences that will be damaging economically but also centrifugal political forces that will change the state of the Union forever.
Francesco Saraceno | Much has been said, already, and even more will be said in the coming hours/days/weeks/months/years, on Brexit. I have little to add. So here is what I see as a series of notes to self. For those who are already tired of reading pages and pages, I can summarize what follows in a sentence: We should focus more on policies than on institutions.
The majority vote by Britons to leave the European Union (EU) was an act of raw democracy. Millions of ordinary people refused to be bullied, intimidated and dismissed with open contempt by their presumed betters in the major parties, the leaders of the business and banking oligarchy, and the media.
Brexiters hailed their victory with muted enthusiasm and undisguised concern. Prominent ‘leave’ campaigners called for restraint and patience, highlighting the need to assess strategy carefully before moving for a pull-out. They adamantly rejected triggering the process before informal talks with European partners could pave the way for a balanced outcome.
“The EU has to make itself attractive” in the wake of Brexit. Brussels is trying to force London to accelerate its departure process “as soon as possible, despite how painful that may be,” according to European Commission President Jean Claude Junker. During the European Summit on Tuesday, the the scenario for the new EU with 27 Member States will be presented.