What Is the EU-UK Relation All About? Tracking the Path From Monetary Integration to ‘Ever Closeness’
European Monetary Integration and the EU–UK Relationship in The Economics of the UK-EU Relationship: From the Treaty of Rome to the Vote for Brexit by N. Campos and F. Coricelli (Eds.), Basingstoke, Palgrave Macmillan (2017); ISBN 978-3-319-55495-2
50 Pages Posted: 15 Oct 2018
Date Written: 2017
Abstract
The history of European integration has been characterized by several ‘stops-and-goes’ with considerable support on political grounds. In this paper, we discuss the role of European integration for the future of the EU-UK relations. Integration, consistent with the idea of ‘completing’ the European Monetary Union (hence, a ‘Genuine Economic and Monetary Union’- GEMU), will have the obvious consequence of affecting the UK as well and the future of its negotiations with the EU. Provided that European integration worked in the past, the net benefits of staying out of the EU exante may be different from the same benefits ex-post, particularly in the likely scenario that the Union will have to ‘comprehensively’ move towards a GEMU to safeguard its integrity.
Keywords: EMU, European Integration, Brexit
JEL Classification: Z00
Suggested Citation: Suggested Citation