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Bringing you news, views and analysis since 2013

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Brexit would be ‘backwards’ step

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Brexit is not the most likely scenario later this month, but it is definitely the least desirable outcome, says Amundi CEO Yves Perrier (pictured)…

A Brexit vote would mark the beginning of a two year negotiation between the UK and the European Union, the outcome of which we cannot predict. 
 
In terms of the markets, it would lead to a period of increased uncertainty and volatility. 
 
The impact on the rest of Europe, seems to me more of a problem. 
 
The evolution of the European Union has always been somewhat ambiguous, but this would be the first steps BACKWARDS. In the context of rising nationalistic sentiments, Brexit could reinforce the idea that it is possible to “unpick” Europe. 
 
The only positive outcome could be that a Brexit vote would act as a catalyst, and actually strengthen the European project.  

By voting for Brexit, Britain would in effect give a bad answer to an important question: how does the structure of Europe furnish answers to citizens' legitimate preoccupations about the project? 
 
We have reached the limits of the 'technocratic' phase of the European project. It is time to rekindle the positive spirit of European convergence by taking into account the specific and sometimes contradictory interests of the nations that make up the EU

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