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Brexit: Post-Mortem
Dissecting Brexit
TJ Gokcen @tjgokcen
What is Brexit?
History of Europe and EU
Single Currency
Dissecting Brexit
Brexit: Post-Mortem
What is Brexit?
History of Europe and EU
Single Currency
Dissecting Brexit
Brexit: Post-Mortem
Brexit: What is it?
On June 23, 2016 United Kingdom voted to exit European Union.
Brexit: What is it?
The victory margin was less than 5%. EXIT won.
What is Brexit?
History of Europe and EU
Single Currency
Dissecting Brexit
Brexit: Post-Mortem
Roman Empire
Byzantine Empire
Frankish Empire
Holy Roman Empire
Ottoman Empire
The First French Empire
The Austro-Hungary Empire
The Nazi Germany
Europe has been at war with each other since… the beginning.
Europe after WW II
Europe after WW II
United States of Europe
What is Brexit?
History of Europe and EU
Single Currency
Dissecting Brexit
Brexit: Post-Mortem
Euro
obliteration of the existing exchange rate fluctuations between a
number of currencies
Single Currency Advantages
reduction of transaction costs
Single Currency Advantages
stimulates trade activities and free movement of capital, goods
and people
Single Currency Advantages
Economic Data
Single Currency Disadvantages
No Control
Single Currency Disadvantages
What is Brexit?
History of Europe and EU
Single Currency
Dissecting Brexit
Brexit: Post-Mortem
Nationalism
Problems with EU
No National Anthem
Problems with EU
Single Euro Football Team
Problems with EU
Common Tax
Problems with EU
Common Welfare
Problems with EU
Problems with Brexit
Problems with Brexit
Problems with Brexit
End of UK?
Ireland and N.Ireland
• EU helped with peace process
Ireland and N.Ireland
• EU helped with peace process
• Borders have to be tightened
Ireland and N.Ireland
• EU helped with peace process
• Borders have to be tightened
• Borders require more controls
Ireland and N.Ireland
• EU helped with peace process
• Borders have to be tightened
• Borders require more controls
• Trade agreements needed
Scotland
• Since 1979, until Tony Blair
no PM won in Scotland
Scotland
• Since 1979, until Tony Blair
no PM won in Scotland
• Scottish Nationalism
Scotland
• Since 1979, until Tony Blair
no PM won in Scotland
• Scottish Nationalism
• 2 years ago Independence
referendum rejected based
on staying in the EU
Scotland
• Since 1979, until Tony Blair
no PM won in Scotland
• Scottish Nationalism
• 2 years ago Independence
referendum rejected based
on staying in the EU
• Trade agreements needed
UK
• Brexit minister David Davis:
UK can deport new EU
migrants and still get good
deal on single market access
UK
• Brexit minister David Davis:
UK can deport new EU
migrants and still get good
deal on single market access
• Hoping for a good exit deal
UK
• Brexit minister David Davis:
UK can deport new EU
migrants and still get good
deal on single market access
• Hoping for a good exit deal
• Regain control
UK
• Brexit minister David Davis:
UK can deport new EU
migrants and still get good
deal on single market access
• Hoping for a good exit deal
• Regain control
• Might see the breakup of UK
UK
• Brexit minister David Davis:
UK can deport new EU
migrants and still get good
deal on single market access
• Hoping for a good exit deal
• Regain control
• Might see the breakup of UK
• Will still need to obey by
Trade Tariffs, more tax on UK
goods and services
European Union
• They can get their act
together
European Union
• They can get their act
together
• Make Brexit very painful and
messy
European Union
• They can get their act
together
• Make Brexit very painful and
messy
• Otherwise might see further
breakaways
European Union
• They can get their act
together
• Make Brexit very painful and
messy
• Otherwise might see further
breakaways
• Lots of lessons especially in
central banks and monetary
policies
Post-mortem: Brexit

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Post-mortem: Brexit