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Die Welt:
EU-Austritt wurde Briten extrem hart treffen

27 May 2014

''Der Ausstieg wurde der britischen Wirtschaft betrachtliche Kosten aufburden'', sagt Joao Paulo Pessoa vom Centre for Economic Performance an der London School of Economics, einer der Verfasser der Studie ''Brexit or Fixit?'', die kurzlich in London vorgestellt wurde. ''Es ware ein sehr riskantes Spiel. Der Traum von der 'splendid isolation' konnte sich als ein sehr teurer Traum herausstellen'', sagt Pessoa.
Withdrawal from the EU would hit British extremely hard
''The withdrawal of the British economy would impose considerable costs,'' said Joao Paulo Pessoa from the Centre for Economic Performance at the London School of Economics, one of the authors of the study ''Brexit or Fixit?'', which was recently presented in London. ''It would be a very risky game. Dreaming of the 'splendid isolation' could turn out to be a very expensive dream,'' said Pessoa.

This article was published in Die Welt (Germany) on May 27, 2014
Link to article here

Also in
hamburger Abendblatt (Germany)
EU-Austritt würde Briten extrem hart treffen

Related publications
'Brexit or Fixit? The Trade and Welfare Effects of Leaving the European Union', G.I.P. Ottaviano, João Paulo Pessoa, Thomas Sampson and John Van Reenen, Centre for Economic Performance Policy Analysis No.16, May 2014
The Costs and Benefits of Leaving the EU, Gianmarco Ottaviano, João Paulo Pessoa, Thomas Sampson and John Van Reenen, CEP mimeo/technical paper, May 2014

Related links
Gianmarco Ottaviano webpage
João Paulo Pessoa webpage
Thomas Sampson webpage
John Van Reenen webpage
Globalisation Programme webpage
Productivity and Innovation Programme webpage

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