Brexit which consequences for the EU?

Marek DABROWSKI Non-resident scholar at Bruegel Html code here! Replace this with any non empty text and that's it. The debate on Brexit focuses on the economic and political consequences for the United Kingdom, but ignores the impact of the new EU-UK agreement on the EU. Regardless of the referendum result, the agreement will have serious consequences and will negatively affect prospects for European integration. If the ‘leave’ camp wins the UK referendum on June 23, the EU will become smaller and weaker both in economic and geopolitical terms. The EU share of the world population will fall from 7.0 to 6.1 percent. In terms of world GDP, in purchasing power parity terms the EU share will decrease from 17.0 to 14.6 percent. The EU’s share in the global financial market, where the City of London plays a dominant role, will suffer even bigger losses. At the same time, the