The economic damage of a brexit would be much worse than predicted in most mainstream studies before.
The good news is that Europe will not be dominated by populist parties. For big tent parties, i.e. the conservative EPP and the social democratic PES, however, results still aren’t rosy – they are looking at heavy losses, including the loss of their joint majority.
Over the years, European value chains have become increasingly relevant to employment in the EU. While research on industrial value chains is broadly covered in recent years, the effects of valuechains in European service sectors still needs to be quantified.