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Brexit and weak government: A drama lesson from the Greek economy

Post UK elections that weakened the govt, Brexit is predicted to hurt UK economy just like Greece

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Alexander Tziamalis | The Conversation

 

The UK is not the first country to stand on the brink of leaving the EU. It may enjoy a far bigger and more productive economy than that of Greece, but there are alarming structural similarities between the two economies that can’t be ignored. Just like the threat of Grexit, Brexit is predicted to hurt the UK economy. And now, after an indecisive election that weakened the government’s ability to govern, another similarity with troubled Greece is added. A critical one.

 

Chancellor Philip Hammond insists that the UK economy is “resilient”. But look closer and there are striking