Wednesday 6 July 2016

Some thoughts after reading the Martin Wolf's article, "How Europe should respond to Brexit"

The link of the article: https://next.ft.com/content/79887f78-41dc-11e6-b22f-79eb4891c97d

The problem that the EU has in the author's opinion is the EU is too diverse and the erosion of national autonomy is the core problem in the EU. The whole article focuses on how the EU can solve its own problem, which is the legitimacy. I think that though the author provides some valuable points, he does not solve the immediate problem lying ahead of the EU, which is how to mitigate the negative effects brought by Brexit on the EU. As we can see from the data in this article the UK and the EU has a very close trade partnership, the most immediate question is how to conduct the negotiation between the UK and the EU. Both sides should realize each other's importance. The legitimacy issue could be paid attention; however, Brexit is doing a lot of damage on the British market as well as the European market, and will bring greater shocks when the negotiation starts. This has to be limited as soon as possible. The most efficient solution is to tell the date of triggering the article and both sides need to state clearly and publicly their positions in the negotiation.

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