Brexit

#CorruptionWatchListInternational statement on EU referendum in UK

Published

10 years ago

June 21, 2016

It will be more likely that corruption in the UK will increase without the greater regulatory bodies of the EU and its affiliate organizations such as the European Commission and the European Court of Justice, etc.

Economic aspects: In our view, the UK's exit from the EU will create various kinds of economic problems and, in the worst-case scenario, cause a recession, as has also been predicted by the Intemational Monetary Fund. This recession would be very difficult to recover from without being a member of the EU.

Social aspects : After World War II, it was very difficult for all the countries in Europe to recover from the negative emotional effects of the war. There was a lot of resentment and even feelings of hatred among the countries in Europe. A UK exit from the EU will likely create resentment within the EU towards the UK population. Furthermore, a UK exit will create travel complications for EU countries, especially for UK citizens.

Conclusion: In our view it will be wrong to presume that the UK's position can be or will be the same as EFTA countries such as Switzerland, Sweden and Norway, because these countries have long since made their arrangements with the EU and were happily accepted, whereas the UK, as a member of the EU since 1975, is opting to leave the EU on the basis that it is not beneficial for the UK to be a member any longer. Therefore, the other EU countries will not have any empathy for the UK's position in the world.

Finally, to sum up all the eflects, we think that leaving the EU will be highly damaging for the UK's position in EU and the world.

Corruption Watch List International

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