Frenkel: Post-Brexit Europe Needs U.K. Capital Market

The video discusses the dynamics of the UK's current account deficit, highlighting concerns about its sustainability if it becomes too large or prolonged. Despite initial doomsday predictions, the world and Europe have not collapsed. The discussion emphasizes the mutual need between Europe and the UK capital markets, suggesting that common sense will guide future negotiations.

What are the concerns regarding the depth and duration of a current account deficit in England?

How do the current dynamics of the United Kingdom's current account deficit compare to initial predictions?

In what way has the world responded to the current account deficit situation, according to the speaker?

What is the significance of the UK capital market to Europe according to the speaker?

What does the speaker hope will prevail as negotiations continue?