Not signed in (Sign In)


Welcome, Guest

Want to take part in these discussions? If you have an account, sign in now.

If you don't have an account, apply for one now.

Vanilla 1.0.3 is a product of Lussumo. More Information: Documentation, Community Support.

    • CommentAuthordmt1997325
    • CommentTimeJan 12th 2019

    BRUSSELS, June 24 (Xinhua) -- Brexit, or Britain's exit of the European Union (EU), is set to create chaos to the bloc's budget plan as well as ongoing capital market integration, bringing negative impact to the EU financial institutions and eventually weigh on the bloc's economy, experts say.

    Britain is the fourth largest net contributor to the EU's budget, after Germany, France and Italy. This year, it would have to contribute 19.4 billion euros(21.59 billion U.S. dollars) to the EU budget and gain back rebate and custom duties worth 5 billion euros, accounting for around 5 percent of the bloc's budget.

    Experts said the budget gap caused by Brexit has to be filled by other EU member states, of which Germany is expected to contribute the biggest share.

    Brexit means Britain will leave the EU's would-be capital market union, which aims to remove barriers for investors and help mobilize money for infrastructure projects and, most importantly, SMEs.

    With Britain, the fifth largest economy in the world, the EU's economy stands a little bit larger than the United States. Media reported that the EU's equity size is only half of the U.S.'s while its securities market is even less than a quarter of the U.S.'s.

    Brexit is expected to be harmful to the EU's capital market union as Britain has long stood as a significant part of the EU's capital markets.

    Meanwhile, experts cautioned that Brexit would as well have negative impact on the bloc's financial institutions.

    For instance, the European Investment Bank (EIB), whose capital relies heavily on the bloc's major economic powers, is faced with the reduction of Britain's share which accounts for some 16 percent.

    Brexit as well puts the bank's high rating on risk, leaving the bank's bond in a vulnerable position and may drive investors away to look for safer bonds.

    Fortunately, Brexit's harm to the capital of European Central Bank (ECB) could be not so heavy as Britain is a non-Eurozone country.

    Britain contributes 55 million euros to the ECB and is only required to contribute to the ECB's operational costs by paying at least 3.75 percent of its subscribed capital, according to Bruegel, an influential Brussels-based think tank.

    "This means that the UK's contribution to the ECB is tiny, and it should be easy to disentangle it," said a report of Bruegel.

    On the other hand, trade becomes another tricky issue. Britain's withdraw from the EU's single market is costly as it has to renegotiate trade agreements with the EU member states, 52 countries which enjoy preferential trade agreements with the EU, or with over 100 members of the World Trade Organization.


    Thankyou for sharing the data which is beneficial for me and others likewise to see. frases de superacion


    “Sometimes I feel like if you just watch things, just sit still and let the world exist in front of you - sometimes I swear that just for a second time freezes and the world pauses in its tilt. Just for a second. And if you somehow found a way to live in that second, then you would live forever.”
    mail-order bride


    There are a lot of blogs and articles out there on this topic, but you have acquired another side of the subject. This is reliable content thank you for sharing it.FRASES PARA ENAMORAR UNA AMIGA


    I wish more authors of this type of content would take the time you did to research and write so well. I am very impressed with your vision and insight. online sms flooder


    Thanks for sharing this quality information with us. I really enjoyed reading.

    Super Smash Flash 2


    Great article with excellent idea!Thank you for such a valuable article. I really appreciate for this great johnbartoloshow


    Particular interviews furnish firsthand message on mart size, industry trends, ontogeny trends, capitalist landscape and outlook, etc.Everything You Should know about Breast Cancer


    First You got a great blog .I will be interested in more similar topics. i see you got really very useful topics, i will be always checking your blog thanks. ascend garcinia


    Excellent article plus its information and I positively bookmark to this site because here I always get an amazing knowledge as I expect. Thanks for this to share with us change my software


    Just admiring your work and wondering how you managed this blog so well. It’s so remarkable that I can't afford to not go through this valuable information whenever I surf the internet! myaarpmedicare


    Losing weight or weight reduction is a hot topic nowadays. I am sure that these tips provided will great help for people looking to reduce weight especially persons like me. sms flood


    Yes, great US Military force. Also, in his post you have given a chance to listen about US Military. I really appreciate your work. Thanks for sharing it.
    investment property loans