June 24, 2016 – Stay

They did it. With a smaller margin then the polls suggested, British voters decided to make their country stay in the EU. A rejuvenated David Cameron reaches out to his opponents in order to keep his government going, given the small parliamentarian majority and the heated Brexit debate no easy task. One way to re-unite a highly divided party is his effort to convince the EU and its members states to quickly put the UK-EU agreement into place. Showing effectivity is critical for him. The Commission as well as critical member states are happy to deliver, and even willing to add some spice to the cocktail. One political arena to demonstrate the relief will be made policy where the EU-Commission will work hard to immediately deliver on CETA , trying to neglect the position of some countries who believe in the mixed character of CETA. Moreover, the Commission would also use the positive Brexit decision to eventually accelerate TTIP in order to show the British that the EU is a market-friendly organization. Relief makes good bedfellows, and the EU and even more so the European Council will use this decision to eventually deepen the neoliberal policy approach of the Commission. The path is set and given the majority of conservative governments in the member states, plus the desolate condition of centre-left parties, the Commission will move along with its service directive and the financial sector reforms put forward by Sir Hill. The Brexit threat out of the way will add some stability to the economic landscape in the EU, and increase the yield in government bonds. The good thing for both sides is that the economic costs of a Brexit will not materialize. The bad thing is that the EU will become an even more restrained entity when it comes to economic, social and political rights. As we know, there is no free lunch.