24 Jun '16, 1pm

Analysis: The defence implications of the UK leaving the EU

Analysis: The defence implications of the UK leaving the EU

The United Kingdom's vote on 23 June to leave the European Union (EU) is one that promises both risk and reward for all concerned. The only certainty, however, is uncertainty. NATO -- not the EU -- remains the bedrock of European defence and security. Consequently the defence and security implications of the UK vote will overall be fairly balanced and relatively limited for both the UK and the rest of the EU. Much, however, depends upon the way Europe reacts to the event. As withdrawal is not set to occur for at least two years, as outlined under Article 50 of the EU's 2007 Lisbon Treaty, the immediate defence impact is set to be very limited. The medium-term impact will mainly derive from economic conditions and how these affect defence budgets around Europe. Most forecasts foresee a short-term slowdown in economic growth, although nevertheless continued growth in general...

Full article: http://www.janes.com/article/61748/analysis-the-defence-i...

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