Paul De Grauwe: Brexit Would Be Bad News for EU

The transcript discusses the economic and political implications of Brexit, highlighting potential models the UK might adopt post-Brexit, such as the Norwegian or Swiss models. It examines the impact on the pound and the challenges in modeling long-term outcomes. The discussion also touches on the UK's historical resistance to EU integration and the potential for new trade agreements.

What is one potential economic consequence of Brexit for the European Union?

• Increased exports to the UK

• A stronger euro

• Difficulty in exporting to the UK

• A decrease in the value of the euro

Which model is suggested as a potential post-Brexit option for the UK?

• The American model

• The Japanese model

• The Norwegian model

• The Australian model

What has been the UK's historical stance on European integration?

• Supportive of federal integration

• Indifferent to integration efforts

• Neutral towards integration

• Opposed to further integration

What is a challenge in predicting the outcomes of Brexit?

• Stable economic conditions

• Overwhelming public support

• Uncertainty in trade agreement details

• Lack of historical data

What is a potential long-term effect of Brexit during the transition period?

• Immediate economic growth

• Stable political environment

• Quick trade agreements

• Negative economic impact