Berliner Boersenzeitung - Nobel economists warn UK of lasting damage from Brexit

EUR -
AED 4.169645
AFN 79.180722
ALL 99.177175
AMD 436.152166
ANG 2.031948
AOA 1041.682365
ARS 1344.289809
AUD 1.766289
AWG 2.045085
AZN 1.932618
BAM 1.968247
BBD 2.293403
BDT 138.797727
BGN 1.954584
BHD 0.428068
BIF 3380.879966
BMD 1.13537
BND 1.464662
BOB 7.848633
BRL 6.434711
BSD 1.135883
BTN 97.127206
BWP 15.317867
BYN 3.717106
BYR 22253.248811
BZD 2.281528
CAD 1.569592
CDF 3252.834643
CHF 0.934293
CLF 0.02778
CLP 1066.032439
CNY 8.179544
CNH 8.16088
COP 4689.645113
CRC 578.256773
CUC 1.13537
CUP 30.087301
CVE 110.96673
CZK 24.919323
DJF 201.77769
DKK 7.459857
DOP 67.064099
DZD 150.276728
EGP 56.505316
ERN 17.030548
ETB 154.289293
FJD 2.567082
FKP 0.843514
GBP 0.842535
GEL 3.111234
GGP 0.843514
GHS 11.698982
GIP 0.843514
GMD 81.746091
GNF 9841.233869
GTQ 8.723163
GYD 237.640111
HKD 8.901464
HNL 29.594147
HRK 7.534652
HTG 148.448758
HUF 403.726477
IDR 18513.908252
ILS 3.977564
IMP 0.843514
INR 96.94327
IQD 1487.909221
IRR 47827.454615
ISK 144.2035
JEP 0.843514
JMD 180.959931
JOD 0.80496
JPY 163.388823
KES 146.746713
KGS 99.28794
KHR 4547.759061
KMF 493.322355
KPW 1021.717822
KRW 1561.81272
KWD 0.348184
KYD 0.946586
KZT 577.522127
LAK 24536.161465
LBP 101770.575466
LKR 339.979961
LRD 227.166553
LSL 20.278336
LTL 3.352452
LVL 0.686774
LYD 6.222542
MAD 10.511295
MDL 19.689512
MGA 5163.653848
MKD 61.520385
MMK 2384.105077
MNT 4059.229536
MOP 9.172203
MRU 44.967364
MUR 52.045514
MVR 17.552347
MWK 1969.616151
MXN 21.93955
MYR 4.811134
MZN 72.561146
NAD 20.278336
NGN 1806.021536
NIO 41.794298
NOK 11.511152
NPR 155.398708
NZD 1.903504
OMR 0.436537
PAB 1.135782
PEN 4.135552
PGK 4.731064
PHP 63.072103
PKR 320.30484
PLN 4.242882
PYG 9075.672397
QAR 4.140209
RON 5.051942
RSD 117.208797
RUB 87.309641
RWF 1605.855086
SAR 4.259474
SBD 9.481209
SCR 16.140548
SDG 681.788771
SEK 10.875027
SGD 1.462719
SHP 0.892222
SLE 25.795875
SLL 23808.138045
SOS 649.104801
SRD 42.242555
STD 23499.863329
SVC 9.938851
SYP 14761.766844
SZL 20.268172
THB 37.05792
TJS 11.3303
TMT 3.979471
TND 3.408454
TOP 2.659153
TRY 44.56116
TTD 7.714787
TWD 33.821416
TZS 3045.627092
UAH 47.157065
UGX 4129.111623
USD 1.13537
UYU 47.208537
UZS 14574.163912
VES 107.685884
VND 29506.559016
VUV 137.08744
WST 3.057924
XAF 660.131531
XAG 0.034344
XAU 0.000344
XCD 3.068394
XDR 0.817185
XOF 660.152011
XPF 119.331742
YER 276.859661
ZAR 20.252718
ZMK 10219.689403
ZMW 30.133558
ZWL 365.588624
  • BCC

    1.1200

    87.85

    +1.27%

  • CMSC

    0.0000

    22.09

    0%

  • RBGPF

    -0.2380

    65.43

    -0.36%

  • CMSD

    0.0600

    22.11

    +0.27%

  • RYCEF

    0.0500

    11.58

    +0.43%

  • RELX

    -1.1200

    53.93

    -2.08%

  • VOD

    -0.0500

    10.34

    -0.48%

  • SCS

    0.0700

    10.36

    +0.68%

  • RIO

    0.2500

    60.2

    +0.42%

  • NGG

    -0.1000

    72.57

    -0.14%

  • JRI

    0.0400

    12.78

    +0.31%

  • GSK

    0.8200

    40

    +2.05%

  • BCE

    0.3400

    21.5

    +1.58%

  • AZN

    0.4900

    70.87

    +0.69%

  • BTI

    -0.1200

    44.97

    -0.27%

  • BP

    0.2300

    29.17

    +0.79%

Nobel economists warn UK of lasting damage from Brexit
Nobel economists warn UK of lasting damage from Brexit

Nobel economists warn UK of lasting damage from Brexit

Ten winners of the Nobel Prize in economics on Monday warned that leaving the European Union would "create major uncertainty" over Britain as a trading nation and inflicting lasting economic damage.

Text size:

"We believe that the UK would be better off economically inside the EU," the economists said in a letter to The Guardian newspaper.

"British firms and workers need full access to the single market. Brexit would create major uncertainty about Britain's alternative future trading arrangements, both with the rest of Europe and with important markets like the USA, Canada and China," they added.

The economists, who have all been made professor laureates for research going back to the 1970s, are George Akerlof, Kenneth Arrow, Angus Deaton, Peter Diamond, James Heckman, Eric Maskin, James Mirrlees, Christopher Pissarides, Robert Solow and Jean Tirole.

The laureates -- six American, three British and one French -- said the economic consequences "would persist for many years", adding "the economic arguments are clearly in favour of remaining in the EU."

Britain will go to the polls on Thursday in a referendum on its EU membership, with latest polls predicting a tight result.

(S.G.Stein--BBZ)