THE EUROZONE CRISIS AND THE EFFECT OF BREXIT
Journal Title: VADYBA - Year 2017, Vol 30, Issue 1
Abstract
Eurozone debt crisis continues for more than five years. It is important to understand the causes of the crisis, it is possible for the future development scenarios, and how it will affect individual country companies and individuals finances. Over last five years the euro area shocked two major crisis. Greek decision to leave EU (Grexit) and now UK (Brexit). Greek stayed in the EU after all, but UK looks made the last solution to leave EU. There are important to look what will happen with the EU citizens resident in the United Kingdom, and United Kingdom nationals residing in the EU. If there will be any changes for the immigration and emigration to the UK after Brexit. How the Brexit will impact the foreign direct investments, economy in all European Union after UK withdraw. This situation in Europe is likely to reduce lending and economic growth is not or it would be very slow for a number of years. That is why Europe (and other countries) politicians are ready to do everything to prevent such a scenario. After Brexit, United Kingdom, will not be able to reach for excellent deals with non-EU countries in order to reduce trading costs and that this would encourage foreign direct investment. Although the UK would no longer have to compromise with other EU countries in the negotiations. If the UK were to leave the EU but wanted to remain a member of the European Free Trade Area or the European Economic Area, it may have to accept unrestricted EU immigration. KEY WORDS: Eurozone, Crisis, Brexit, Immigration, Foreign Direct Investment.
Authors and Affiliations
Paulína Srovnalíková, Juste Razinskaite
Keywords
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