Thirty years ago, on Monday, October 19, 1987, the US Stock market collapsed. Plunging more than 500 points, the Dow Jones Industrial Average finished the day down 23%, its greatest single day... read more
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Zoltán Ádám is Assistant Professor at the Department of Comparative and Institutional Economics at Corvinus University of Budapest. He holds a PhD in economics from Debrecen University, an MPhil in Political Science from Central European University and a Master in Public Administration from Harvard Kennedy School. Previously, he was a senior economist and managing director of Kopint-Tárki Institute for Economic Research, a Budapest-based economic think tank. In 2005-2015 he was on the editorial board of Beszélő , a Hungarian liberal political journal established as a samizdat in 1981.Last updated on 05.07.2016
We do not know whether Brexit will bring about more harm or benefit for Europe. It is a sad moment to see a great European country leaving the Union, and it also raises questions about the future of the UK as a mid-ranked European power and, indeed, as a united kingdom. The EU may come out of this turmoil institutionally strengthened, and its Eastern member states may be especially better off.