This Policy Contribution, based on a note written for the Bundestag EU Committee, explores the possible consequences of … a no-deal Brexit for the European Union and assesses preparations on the EU side. It also provides guidance on the … optimal strategy for the EU, depending on the choices made by the United Kingdom. Overall, a no-deal Brexit would be …

countries are overrepresented. This is desired in the EU treaties. But the EU treaties also emphasise the importance of equality … and equal treatment of citizens by EU institutions. Inequality of representation in the European Parliament has been … representation and distribution of seats to countries. We do so within the constraints set by the EU treaties. • One option would be …

United States, especially, do not separate economic interests from geopolitical interests in the same way the EU does. They … considers how the EU and its member states can better protect European economic sovereignty in a range of areas, including state … area, we recommend ways to improve the EU’s capacity to wield economic power, without advocating increased protectionism or …

the world. But the EU faces nevertheless formidable economic challenges. In the short-term, there is the potential for … strong macroeconomic weakening, resulting partly from uncertainty generated by the global trade conflict. The EU also has a … long-term growth and productivity weakness. Finally, the EU, especially the euro area, suffers from a lack of convergence …

issues is resolved. Under a good set of scenarios, the EU should persist on its current course with some significant … EU will have to contend with a possible break-up of the multilateral trading system, requiring the formulation of a Plan … B. The EU needs today to put in place its Plan B, not only to prepare for a far less favourable trading environment, but …

discrepancies between EU countries: countries with the same levels of house-price overvaluation have adopted very different … the next recession or reducing its impact, we argue that EU policymakers need to be better prepared to use discretionary …

system-wide level. We recommend that EU finance ministers increase resilience of the financial system through regular … broader political discussion on the integration of the EU security architecture applicable to the financial system. This … financial infrastructure at the EU level. …

across and within EU countries. It is estimated that remaining non-tariff obstacles, in particular in services sectors, limit … intra-EU trade to a level about four times smaller than the intensity of trade between US states. By completing the single … market, the EU could generate significant income gains. However the more straightforward steps have already been taken, so …