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Subject
The impact of Brexit on northern European countries.
Significance
The United Kingdom's vote to leave the EU presents a particular challenge to northern EU countries -- some of which are, like the United Kingdom, not members of the euro-area -- as they will lose a powerful ally for a more competitive, fiscally disciplined and globally oriented EU.
Impacts
Brexit could accelerate a closer economic, financial and fiscal integration of the euro-area, which many non-euro-area capitals oppose.
Brexit could widen the gap between an 'inner circle' of euro-area members and a periphery of non-euro ones.
The loss of UK contributions to the EU budget means that the burden shouldered by northern EU countries, all net contributors, will rise.
Keywords:
EU,
EUR,
Denmark,
Finland,
Netherlands,
Sweden,
United Kingdom,
Germany,
economy,
international relations,
politics,
foreign trade,
government,
policy,
fiscal,
foreign policy,
integration
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2016
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