Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/256545 
Year of Publication: 
2019
Series/Report no.: 
SWP Comment No. 3/2019
Publisher: 
Stiftung Wissenschaft und Politik (SWP), Berlin
Abstract: 
Despite the United Kingdom never having adopted the euro, the upcoming Brexit will have consequences not only for the European Union as a whole but also for monetary integration. The UK's withdrawal from the EU will heighten fears among the 'euro-outs', the eight Member States that have not adopted the euro, that their influence over the Union's decision-making processes will diminish in the future. Their concern has led to the formation of a new coalition of states uniting the interests of the north­ern euro members and some countries outside the eurozone. Although the debate over enlarging the eurozone is now subsiding, the 'Brexit moment' could trigger a new dynamic and act as a driver for expanding the eurozone or strengthening some non-euro states' links to the banking union.
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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