3 weeks of chaos around Brexit – exchange markets are trying to figure out the results of the historical UK EU referendum. Sales of British national currency reached its record-breaking level. Risks that London is loosing its position as the global finance center are getting high. While National Bank of Britain is planning to spend 250 billion pound sterling for keeping stability, Brussels host European central banks to discuss solutions.
On the current “hot” topic immigration, the negotiations with the UK might be a welcome occasion for many European governments. While the EU, in our view, will never agree to change the principle of free labour movement in the EU, stricter rules for immigration from non-EU countries and stricter rules for access to social benefits for EU-citizens could pave the road for a compromise.
What are global effects of Brexit and what can be risks for Georgia – read the hottest topic in Business Georgia July – August Issue.