Brexit 'Weekly'
19 May 2016
Brexit, IMF, Bank of England, sterling, Call for Evidence on EU regulatory framework for financial services, completion of EMU in UK, European Semester CSR and more.
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Articles from 12 May 2016 - 19 May 2016 |
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Political |
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BBC: IMF says Brexit 'pretty bad to very, very bad'
IMF's Christine Lagarde said she had "not seen anything that's positive" about Brexit and warned that it could "lead to a technical recession". View Article |
The Guardian: Brexit could lead to recession, says Bank of England
Central bank issues unprecedented warning over EU vote, claiming exit could depress pound and raise unemployment. View Article |
Fitch: Brexit would increase downside risks to EU sovereigns
An exit from the EU by the UK would weigh on the economies of other EU countries and increase political risks in Europe, Fitch Ratings says. It doesn't expect to take any immediate negative rating actions on other EU sovereigns if the UK left, but they would become more likely in the medium term. View Article |
YouGov: EU referendum poll - Remain lead at four
The latest YouGov EU referendum voting intention survey for The Times shows the 'Remain' side leading with 44% of the voter intention and 'Leave' option at 40%. View Article |
Financial Times: Upcoming UK vote on EU lifts sterling insurance cost
The cost of insuring portfolios and businesses against a collapse in sterling after the Brexit vote is rising, as sellers of insurance back away from the market, according to currency traders and strategists. View Article |
Paul Goldschmidt: The E.U - the U.S.A. – the TTIP – NATO
Recent geopolitical developments demand an in depth reform of the EU to be fully and unreservedly acknowledged and implemented. Failing to do so will confront Europeans with the demons of nationalism that they were supposed to have forsaken once and for all. View Article |
Financial Times: What Brexit means for defence and diplomacy
Claims that the EU is a deadweight on UK foreign policy are flawed, says the FT. View Article |
The Guardian: Why Brexit would be the perfect gift for Vladimir Putin
An EU without Britain is exactly what the Russian president wants: a weakened institution with less power to confront his assaults on Europe’s borders, according to Garry Kasparov. View Article |
The Telegraph: French finance minister Sapin warns of banker flight from the City in event of Brexit
Michel Sapin said that France would respect the will of the British people, but predicted that a vote to leave the EU would provide a negative shock to Europe’s nascent economic recovery as well as boosting the nationalist ambitions of populist political parties across the continent. View Article |
Commercial Risk Europe: London insurers express grave concerns for Brexit
With just over a month to go before the UK’s referendum on EU membership, London market insurers have expressed their concerns for Brexit. View Article |
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Financial |
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Jonathan Hill at the public hearing on the 'Call for Evidence' - a review of the EU regulatory framework for financial services
Commissioner for Financial Services Hill gives a snapshot of the feedback the Commission has received on the overhaul of the EU financial regulatory framework. View Article |
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Economic |
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House of Lords: Completion of Economic and Monetary Union 'unlikely' by 2025
The Report finds that a balance between risk reduction and risk-sharing is vital to completing EMU and will require appropriate democratic accountability structures. Sufficient political will exists for the euro to "muddle through" but the 2025 target to complete EMU is ambitious. View Article |
Spring 2016 European Semester package: Commission issues country-specific recommendations
Member States are making progress with reforms and addressing macroeconomic imbalances, but more is needed to consolidate Europe's recovery, according to the European Commission. View Article |
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Graham's tweets |
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© Graham Bishop
Political
