Head Of European Institute: Brexit ‘Better’ For Everyone, Any Problems For UK Would Be ‘Short Term’



Brexit would be the best result of Britain’s in / out referendum for both Britain and the EU i a Belgian professor who heads up the European Institute at the London School of Economics (LSE) has said.

Professor Paul De Grauwe (right) told ‘Terzake’— the evening news show on the Flemish public-broadcaster VRT — Eurosceptic sentiment in the UK favouring Brexit is very strong, and it would not disappear merely because British voters elect to stay in the European Union (EU) at the referendum. He said:

“There is a lot of hatred against Europe. The media and a major part of the political elite dislike the European Union. This will not disappear after the referendum.”

Hatred is a strong word and is probably inappropriate but modify that to say there is a lot of concern that too much of Britain’s national sovereignty is being eroded because of our EU membership and you have the truth.

According to Flanders News, Professor De Grauwe has lived and worked in the UK for four years. As head of the LSE’s European Institute — a centre dedicated to the interdisciplinary study of integration and fragmentation in Europe — he represents a sort of authoritative voice on the European question.

Acknowledging that the goal of ‘out’ campaigners “is to bring as much sovereignty back from Brussels to London as possible” he said there would not be a workable solution  if the UK chooses to remain in the EU. He explained:

“The anti-Europeans will just continue their strategy. They will block all efforts to integrate further, and they will try to have powers devolved to Westminster again. This is not in the EU’s interests. That is why it’s probably better for the EU that the British leave.”

Although he first told VRT Brexit would “probably not” benefit the UK, he went on to concede that any problems would be short-lived.

Britain would have to negotiate a new trade deal with the EU in the short term, but would be in a strong position due to debt problems in the Eurozone. It might be a rough ride, but only during a period of transition, once the economy was disentangles from EU bureaucracy and freed of EU restrictions on trading, the economy would surge ahead as the Eurozone continues to stagnate.


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