Political Briefing #18/2016

POLITICS & POLICY

UK – Brexit: Too much at stake

The accord that redefines Britain’s membership as part of the EU include, among others, a four-year ‘emergency brake’on migrants’benefits in case of exceptional levels of migration, an adjustment for child benefit of EU migrants depending on the cost of living in their home country, the correction of EU treaties in a way that references concerning ever-closer union will not apply to the country. Moreover, the UK will also be able to safeguard the financial centre of London by stopping UK firms from being forced to relocate to Europe. Nonetheless, according to the Times of Malta, a strong campaign is now needed to explain why leaving the EU would damage Britain’s security and its place in the international arena.

Source: Times of Malta, 29/02/2016

Sweden – Economy: Positive trends

In 2015, Sweden’s GDP has experienced a 4.5% boost. Statistics Sweden also showed that economic growth increased by 1.3% during the last quarter of 2015, both measures were higher than expected. It appears that these trends are the result of “Swedes opening their wallets” and increased exports. Nonetheless, experts maintain that a potential Brexit could influence Sweden’s economic stability in 2016.

Source: The Local, 29/02/2016


THE STATEMENT

“Do you seriously believe that all the euro states that last year fought all the way to keep Greece in the eurozone –and we were the strictest – can one year later allow Greece to, in a way, plunge into chaos? (…) What has happened is exactly what we feared, that a country is now left alone with its problems, and we can’t allow that. (…) If that’s the way you approach a problem, then indeed it won’t work out”.

Angela Merkel, German Chancellor

Source: Ekathimerini, 29/02/2016


NUMBERS

70%

The percentage by which investments grew in the Hungarian public sector during the last quarter of 2015.

Source: Bbj, 29/02/2016

1.7%

The drop in the Industrial Producer Prices Index (PPI) in Hungary in January.

Source: Bbj, 29/02/2016


Photo Credits CC: European People’s Party


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