Good For The EU, But

Some very sad conclusions regarding Brexit by analysts working for Algebris Investments on the World Economic Forum website.

Brexit is a symptom of Britain’s deeply rooted economic imbalances: a growth model too concentrated on finance and services and dependent on foreign goods, human and financial capital; record-high social and wealth inequality; a lack of investment in infrastructure and education; and monetary and fiscal policies that have helped create a property bubble and excess household debt.

In their attempt to create a fairer and more equal country, Britons sought to sever ties from what they saw as a weakened partner. The reality is that Brexit will likely make Britain weaker and, ironically, is making the EU stronger.

I recommend reading the full article here: https://www.weforum.org/agenda/2017/04/brexit-european-union-negotiations/