Brexit: Not a very destabilizing factor for the Eurozone - Danske Bank
|Analysts from Danske Bank consider that the Brexit negotiations do not implicate a very destabilizing factor the Eurozone, neither economically nor politically.
Key Quotes:
“The situation in UK politics is increasingly chaotic. The EU will confront the UK in terms of the Brexit negotiations from a position of unity and strength, particularly given the likely strong partnership of Macron and Merkel.”
“We still believe that a hard Brexit, where the UK leaves both the Single Market and the Custom Union, is the most likely scenario. However, the road to a ‘hard Brexit’ can take many forms and there is certain to be many speed-bumps along the way. The Brexit negotiations are obviously essential for the UK where there is increasing evidence of a hit to the economy through the collapse in real wages. However, we do not view the Brexit negotiations as a very destabilising factor for the eurozone neither economically nor politically.”
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