Brexit hangs on Europe’s fortunes | KPMG | UK

Brexit hangs on Europe’s fortunes

Brexit hangs on Europe’s fortunes

The deal Britain agrees will depend on conditions across the Channel.


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Federico Santi of Eurasia Group discusses why the eventual shape of Britain’s exit deal will depend as much on the dynamics within the EU as any decision taken in London.



  • Eurosceptic parties are likely to hold gains but not make a major breakthrough which leads to further exits
  • Italy represents the perhaps the biggest risk to Eurozone cohesion over the medium term
  • French and German elections in 2017 could lead to better coordination between these two core Eurozone members
  • Some kind of bridge agreement is likely to be needed to allow the UK continued access to the Single Market until negotiations are concluded – but getting one is not a given.

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