The economist: the IMF is not ready to assess the impact of the withdrawal of Britain from the EU

The economist: the IMF is not ready to assess the impact of the withdrawal of Britain from the EU


A referendum on British membership in the European Union to be held not later than the end of 2017. According to the chief economist Maury Obstfeld, before talking about the consequences of a possible British exit from the Union, you need to understand what agreements will come.

LONDON, 19 Jan – Denis Voroshilov. The international monetary Fund (IMF) was prepared to assess the implications of a possible British exit from the EU, said the chief economist of the Fund Mori Obstfeld.

A referendum on membership of Britain in the EU must pass no later than the end of 2017, however, according to many forecasts, can be held in 2016.

“This is a major factor … with uncertain economic consequences. We haven’t finished analysis of situation and impact assessment. It is still too early to talk about them (the consequences)”, — said the representative of the IMF at a press conference, broadcast on the Foundation’s website.

According to him, the Fund is required to understand what agreements will come Britain and the EU, at what points in the reform agree.

“We are confident that we can now make predictions about the impact of the potential withdrawal of Britain from the EU,” said Obstfeld.

London believes that the UK should stay in EU, but under condition of serious reform of the EU and the revision of conditions of membership of the United Kingdom. The requirements relate to four areas: competition, sovereignty, social policy and economic management. Meanwhile, the President of the European Council Donald Tusk and other members of the EU were sceptical about the prospects of fulfilling the requirements of Britannia.