IfW in the News

German alarm grows over EU's dangerous ultimatum for Britain

21.03.2019

Gabriel Felbermayr warns that Europe is more exposed to the fall-out from a disorderly Brexit than some in Brussels seem to think.

Excerpt from the Article

(...) Prof Felbermayr wrote a joint report in January with the heads of the German finance and economics ministry boards exhorting the EU to tear up the withdrawal text. Brussels should ditch its "indivisibility dogma" on the EU's four freedoms and stop trying to shoehorn Britain into a customs union with colony status along the lines of the failed Turkish model. They warned that Europe is more exposed to the fall-out from a disorderly Brexit than some in Brussels seem to think. "Can the EU really be sure that losses are sufficiently asymmetrically distributed that it 'wins' this game?" it asked.

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