IMF warns: Proposed referendum on United Kingdom membership of the European Union slows Euro zone growth – FAZ – Frankfurter Allgemeine Zeitung

Washington / Brussels (dpa) – the Proposed referendum on United Kingdom membership of the European Union brakes according to the International Monetary Fund (IMF), the economic strength of the euro zone. The growth will after the vote of the British be appreciably lower for withdrawal from the European Union than previously expected, the IMF predicted.

The experts in Washington expect in 2016 only 1.6 percent economic growth in the Euro-countries, followed by 1.4 percent in 2017 and 1.6 percent in 2018. So far they had run out by a continuous increase of 1.7 percent.

In this first impact assessment can take even a relatively benign scenario – full access to Britain’s common European internal market – to the IMF expert Mahmood Pradhan said in an international conference call. Worry prepare the IMF that the exit process could take longer. The agency, in particular represents a risk for the financial markets.

The situation in Britain could spill over to the euro countries, the IMF explicitly warned when presenting his annual analysis for the euro zone economy. To reduce corresponding uncertainties, advised the competent IMF directors to a gentle and predictable transition at the exit of the British out of the EU. So far, the London government has not yet submitted an official request to an exit from the Community in the EU.

In addition to the Proposed referendum on United Kingdom membership of the European Union risk Pradhan raised a number of other problems in the euro zone out. “A muddling through is always less durable,” said the Deputy Director of the European Department of the IMF. Politicians should reverse the growing Euro-skepticism and strengthen the monetary union, by cooperating more closely.

In the case of a further rise in refugee numbers, the IMF sees the danger that the euro countries will adopt additional border controls and so the movement of goods hinder. The security situation could negatively affect economic development.

Further risks arise, according to the IMF from the weakness of the banking and finance in some Member countries. From the outside, threatening a global economic downturn prosperity of the Euro zone, the risks inside are mainly political in nature.

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After Referendum Thousands Brits demonstrate in London against Proposed referendum on United Kingdom membership of the European Union

thousands Britons protested on Saturday in London to prevent the escape of their country from the European Union. On signs, they demanded to make the Proposed referendum on United Kingdom membership of the European Union-vote reversed and the EU not to give up. According to the organizers, around 40,000 people participated in the protest march. More

03.07.2016, 15:41 | Policy

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