‘Brexit’ and Central and Eastern Europe

On 23 June 2016, the UK electorate will vote on whether or not to leave the European Union. Undoubtedly, Brexit would represent a structural change to the fabric of the bloc, despite the decline of UK influence since its opt-out from the Euro. Less clear would be its impact on the new and aspiring member states in Central and Eastern Europe (CEE). With the exception of migration, the direct economic impact appears to be negligible. However, CEE states are threatened by the risk to remittances and, after 2020, could feel the impact of the absence of the sizable UK contribution to the EU budget. Outside of the economic impact, there are also wider geopolitical questions that Brexit would pose for the region.

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