On the Way to Brexit: From Opt-Outs to Opt-Ins and From Trade to High Politics
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Loukas Tsoukalis
Abstract
In the negotiations with EU-27 following the Brexit referendum, the UK has tried to replace opt-ins with opt-outs. It has over-estimated its own bargaining power and its capacity to divide and rule. High politics has prevailed over economics, and the Irish backstop provision has been the main stumbling block in getting an agreement through the House of Commons. Hard Brexiteers may decide to test EU and Irish resolve to the limit in what could turn out to be a dangerous chicken game.
References
Baldwin, Richard, ed. 2016. Brexit Beckons: Thinking Ahead by Leading Economists. https://voxeu.org/content/brexit-beckons-thinking-ahead-leading-economists.Search in Google Scholar
O’ Rourke, Kevin. 2019. A Short History of Brexit: From Brentry to Backstop. London: Pelican.Search in Google Scholar
Tsoukalis, Loukas. 2019. “Brexit and globalization: collateral damage or an accident waiting to happen?” In: The Crisis of Globalization: Democracy, Capitalism and Inequality in the Twenty-First Century, edited by Patrick Diamond. London: I.B. Tauris.10.5040/9781788316309.ch-006Search in Google Scholar
© 2019 Walter de Gruyter GmbH, Berlin/Boston
Articles in the same Issue
- Editorial
- The Hardships of Brexit
- Policy Papers
- No Longer “The Economy Stupid”: How Muddled Economics Contributed to a Chaotic Brexit
- British Exceptionalism Causes Brexit Conundrum
- The Risks of Hard Brexit for the United Kingdom
- The Brexit as a Forerunner: Monetary Policy, Economic Order and Divergence Forces in the European Union
- EU28 Capital Market Perspectives of a Hard BREXIT: Theory, Empirical Findings and Policy Options
- Policy Forum
- How Britain Will React to a WTO-Based Brexit
- Explaining Brexit: How the City of London came to be Regulated by the European Union
- The Implications of Brexit for Financial Markets: Towards a Network of EU Financial Centres
- Brexit and its Impact on the Pound in the Foreign Exchange Market
- On the Way to Brexit: From Opt-Outs to Opt-Ins and From Trade to High Politics
- Other Papers
- Reaganomics: A Watershed Moment on the Road to Trumpism
- Quid Pro Quo! Organization Theoretical Remarks about FIFA’s Legitimacy Under Blatter and Infantino
- A Digital Euro to Compete With Libra
- Complexity, Uncertainty, and Monetary Policy: Can the ECB Avoid the Unconventional Becoming the ‘New Normal’?
- Two General Lessons from the 2019 Personal Income Tax Reform of China
Articles in the same Issue
- Editorial
- The Hardships of Brexit
- Policy Papers
- No Longer “The Economy Stupid”: How Muddled Economics Contributed to a Chaotic Brexit
- British Exceptionalism Causes Brexit Conundrum
- The Risks of Hard Brexit for the United Kingdom
- The Brexit as a Forerunner: Monetary Policy, Economic Order and Divergence Forces in the European Union
- EU28 Capital Market Perspectives of a Hard BREXIT: Theory, Empirical Findings and Policy Options
- Policy Forum
- How Britain Will React to a WTO-Based Brexit
- Explaining Brexit: How the City of London came to be Regulated by the European Union
- The Implications of Brexit for Financial Markets: Towards a Network of EU Financial Centres
- Brexit and its Impact on the Pound in the Foreign Exchange Market
- On the Way to Brexit: From Opt-Outs to Opt-Ins and From Trade to High Politics
- Other Papers
- Reaganomics: A Watershed Moment on the Road to Trumpism
- Quid Pro Quo! Organization Theoretical Remarks about FIFA’s Legitimacy Under Blatter and Infantino
- A Digital Euro to Compete With Libra
- Complexity, Uncertainty, and Monetary Policy: Can the ECB Avoid the Unconventional Becoming the ‘New Normal’?
- Two General Lessons from the 2019 Personal Income Tax Reform of China
