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EU Integration Perspectives After Brexit

Chapter

Abstract

Welfens questions the notion that Brexit implies more British sovereignty and highlights the cost of Brexit for the UK/EU27 in terms of lower per capita consumption and loss in welfare. Without UK contributions, the EU faces financing difficulties and Welfens proposes a number of reforms to keep European integration on track, including the transfer of certain competences to the EU (including infrastructure and military spending, unemployment benefits, and an independent income tax) and steps toward a Euro political union. Policy scientists in Germany have shown that the EU—being too small in budget terms for voters to understand the relevant political fields—faces the problem that confused voters tend to vote for small and radical parties in EU elections: an under dimensional EU encourages political radicalism.

Reference

  1. Capital Economics. (2014). NExit: Assessing the economic impact of the Netherlands leaving the European Union, February 2014, London.Google Scholar
  2. Heise, M. (2013). Emerging from the Euro debt crisis. Heidelberg: Springer.Google Scholar
  3. Lombard Street Research. (2012). The Netherlands & the Euro, special report, March 2012, London.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Faculty of Economics and Social SciencesBergischen Universität WuppertalWuppertalGermany

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