The United Kingdom has voted to leave the European Union, and slowly but surely experts are chiming in about the ramifications. Perhaps most telling was this three-word statement from Alan Greenspan:
CNBC just asked Alan Greenspan what he would do right now if he were in charge.— Mike Baker (@ByMikeBaker) June 24, 2016
"I would worry."
Other economists have commented too. Here are a few of them:
Time for real talk. Economists favor more integration, not for the economic gains, but because it fosters peace, which is more valuable.— Justin Wolfers (@JustinWolfers) June 24, 2016
Markets are tanking, the pound is plummeting, recession seems likely. #Brexit supporters respond w/ denial. Will any say costs are worth it?— Betsey Stevenson (@BetseyStevenson) June 24, 2016
2 EU econ policies most likely to see change of direction after #Brexit: 1. Capital Markets Union 2.Liberalisation in services trade— Danae Kyriakopoulou (@DKyriakopoulou) June 24, 2016
worth remembering that no European country has had an election/referendum explicitly pitting national vs EU where EU won. None.— Austan Goolsbee (@Austan_Goolsbee) June 24, 2016