UK has a lower unemployment rate in incomparison to the the rest of the eurozone, it has increased since the 2008 credit crunch, however it hasn't increased to the same level as the eurozone.
"Youth" unemployment is considerably higher for the younger generation in Greece and Spain. With Iceland, Norway and Germany having a greater proportional of young people in employment.
Banking Crisis
2008
World Recession caused serious problems for Europe
Germany and UK recovered well
the rest of Europe are yet to do so
Countries in terms of wealth
- Norway
- Germany
- Uk
- Denmark
- Grace
- Italy
- Ireland
- Spain
- Portugal
- Greece
- Iceland
Arguably after brexit, the UK's economy became as good as the German one. The European union, is relying on Denmark and Germany to hold the economy of all member states. This makes the politics of the UK leaving very essential, as another big leader financially will be out of the supporting partnerships.
Recent Issues
- immigration- Greece vs Turkey, Germanys unilateral approach
- Italian banking problems- potential failure
- over reliance on strength of german economy
- potential loss of UK and some trade
- Russia and Ukraine
- Us/ Europe TTIP failure
If the UK is successful in its leaving of the EU, the other countries might be encouraged to do so too. e.g. Denmark, who has a successful economy and could easily be self reliable.
Positive
still able to trade
probable better access to US, Canada, Australasia int he short term
Uk still has strong hold into all creative industries
Negative
initial trade with some parts of the Europe may be more problematic
probable that EU sluggishness (economically) will go on for longer.
