The Global Implications of Brexit

Filmed at GLG London

The function of the European Union has changed considerably since Britain last voted to retain its membership in 1975. That’s why, after his re-election, Prime Minister David Cameron promised to give Britain a vote on the matter. On June 24, 2016, the UK will decide whether or not it will remain a part of the European Union. The EU referendum—or Brexit—as it has been called, raises many questions from immigration policy to free trade deals to issues of national identity. Twenty-eight countries currently make up the EU, which, at its core, functions to unite European countries into a “single market” as far as the exchange of goods and relocation of people. Former IMF official and economist Peter Doyle sits down with GLG to discuss what a potential Brexit would mean for the EU.

Peter Doyle has over twenty years of experience with the International Monetary Fund (1992-2014) serving as Division Chief in the IMF’s European Department, which was responsible for the bailout programs of Greece, Ireland, Portugal, Cyprus, and Hungary. He also served as Division Chief for Non-Eurozone countries including Sweden, Denmark, and Israel. Prior to the IMF, Mr. Doyle worked in the International and Economics Divisions of the Bank of England from 1988 until 1992. He was also a Fellow of the Overseas Development Institute from 1985 until 1998. Mr. Doyle specializes in global governance and the IMF with a focus on the Eurozone and UK macroeconomic developments. He is a regular contributor to publications such as The Financial Times.

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