7th EU-Southeast Europe Summit October 4th & 5th 2018 Slavko - - PowerPoint PPT Presentation

7th eu southeast europe summit
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7th EU-Southeast Europe Summit October 4th & 5th 2018 Slavko - - PowerPoint PPT Presentation

7th EU-Southeast Europe Summit October 4th & 5th 2018 Slavko Caric , Executive Board President ERSTE Bank Serbia BREXIT Scenarios three models for post-BREXIT trade relations European Economic Area (EEA), which means staying in


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SLIDE 1

7th EU-Southeast Europe Summit

October 4th & 5th 2018

Slavko Caric, Executive Board President ERSTE Bank Serbia

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SLIDE 2

BREXIT Scenarios

… three models for post-BREXIT trade relations

  • European Economic Area (EEA), which

means staying in the EU’s single market like Norway

  • free-trade agreement (FTA) similar to

the EU’s with Canada

  • and trading only on World Trade

Organisation (WTO) terms

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SLIDE 3

BREXIT Effects

  • £300mn per week or 1.3% of GDP

(initially measured by VoxEU, a CEPR’s policy portal)

  • Latest data indicate that measurable

costs reached 2% of GDP or £350mn per week

  • £145bn (or 7.5% of GDP) BREXIT-

related dent of GDP in next 7 years expected by Algebris Investment

by independent sources