Blanchard: In Short-Run, U.K. Is Going to Suffer

The transcript discusses the economic and political implications of Brexit, focusing on its impact on the UK and the EU. It highlights the initial confusion and market reactions, the potential for fiscal policy adjustments in the UK, and the broader effects on European unity and expert credibility. The discussion suggests that while Brexit poses challenges for the UK, it may offer opportunities for the EU to strengthen its institutions.

In what way does the speaker believe Brexit could be an opportunity for the EU?

What is the speaker's view on the reaction of experts to the Brexit vote?