7th EU-Southeast Europe Summit October 4th & 5th 2018 Slavko - PowerPoint PPT Presentation

7th EU-Southeast Europe Summit October 4th & 5th 2018 Slavko Caric , Executive Board President ERSTE Bank Serbia

BREXIT Scenarios … three models for post-BREXIT trade relations  European Economic Area (EEA), which means staying in the EU’s single market like Norway  free-trade agreement (FTA) similar to the EU’s with Canada  and trading only on World Trade Organisation (WTO) terms

BREXIT Effects by independent sources  £300mn per week or 1.3% of GDP (initially measured by VoxEU, a CEPR’s policy portal)  Latest data indicate that measurable costs reached 2% of GDP or £350mn per week  £145bn (or 7.5% of GDP) BREXIT- related dent of GDP i n next 7 years expected by Algebris Investment