Online ISSN 2286-0266
Print ISSN 1223-0685
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Œconomica by SOREC
Abdelmalek DEBBIHI
Academia de Studii Economice din Bucureşti
Redouane MOUHOUB
Academia de Studii Economice din Bucureşti
On the 23rd of June 2016, the British citizens chose, by referendum, to leave the European Union. The United Kingdom is part of the European Union since 1973. The British are particularly interested by the single market and the commercial exchanges. The British economy presents some features and particularities compared with other European economies. Therefore, the United Kingdom holds a privileged status within the European Union. The Brexit is a big stake for the EU. The exit of such an important country will undoubtedly impact the Union. The referendum is supposed to have tremendous consequences regarding the future of the entire European construction, touching both the internal and external horizons. Internally, European Union will be called to decide on the future of the European project, subject, at its turn, to various layers of crises: the options are either to decelerate or even stop the process of integration, as suggests the bracketing of the objective of an ever closer union by many relevant official voices, or an asymmetric strengthening, focused on the Eurozone. Externally, the exit of the United Kingdom would reveal that the EU construction is not necessarily a stable construction with a clear composition since some member states may abandon it in the future. This exit could also be seen as a sign of major disarray within the Union, which then can evolve into an economic and trade gathering of more limited scope.

ŒCONOMICA no. 2/2017
Keywords: European Union, United Kingdom, Euro-skepticism, Brexit
JEL: F50, N44
Brexit: Between the European Union Deficiency and the Rise of Euro-Skepticism in the United Kingdom