Press

“In the past the Franco-German motor worked when the other countries went in behind France or Germany, depending on their point of view” said John Springford, deputy director of the Centre for European Reform in London. This meant that when Paris and Berlin agreed, everyone agreed. “The problems now are the new dividing lines between the traditional allies of France and those of Germany. Anti-European integration nationalism is taking hold in traditional partners of internationalism.”

The damage to the U.K. economy caused by the vote to leave the European Union two years ago already exceeds the size of the budget contributions Britain will be able to claw back when it finally leaves the bloc, according to an economic study by the Centre for European Reform.
Uncertainty caused by Brexit has already caused a 2.1 percent dip in economic output, even before Britain’s departure next March, the CER said late Friday in an emailed statement. That’s cost the public finances 23 billion pounds ($30 billion) in lost tax revenue, the think tank said

"It's been one of the biggest crises that the European Union has faced in a decade where there have been several crises in a row," John Springford, deputy Director of the Centre for European Reform, tells CBS News. The European Union is a borderless travel zone, meaning that once someone enters, he or she is able to move between EU countries freely. This "freedom of movement" allows citizens of EU member states to live and work in any EU country they please, but it also means once migrants cross over the bloc's external border, they are relatively free to move anywhere within the Eurozone.

As Charles Grant at the Centre for European Reform has written, this big ask from her pro-Brexit colleagues will not necessarily be followed by an open-armed welcome from the EU27.

“For now, the odd couple of Mr Johnson and Mr Barnier is working to keep Britain out of the single market for goods. But a fightback may be approaching in both Britain and other EU countries from those who are prepared to compromise on legal principles and wish to maximise future trade.” (Charles Grant, director of the Centre for European Reform, in the FT).

“What is new today is that the United States in particular, but also the UK, Russia, and others, often contrary to their own interests, are trying to go it alone more often—whether by pulling out of international agreements, leaving international organizations, or annexing territory in violation of international law. It is too early to say, however, that multilateralism is on the wane: that depends on how the rest of world responds to these moves,” said Ian Bond, director of foreign policy at the Centre for European Reform.