BREXIT: Its Impact on the Political Policies and Economy of the EU

The exit of the United Kingdom from the European Union is expected to bring major changes for both sides after about a 50-year cooperation between the two. Considering the relevance of the UK within the Union, Brexit will surely bring a breakdown of the European integration. This brief research examines how EU exit is regulated by Article 50 of the Lisbon Treaty as well as the impact of Brexit on the EU political system. For instance, the paper will shed light on party politics dynamics by asking a which political groups will be strengthened and which will be weakened as well as what will bring these changes what policies will be pushed forward with the strengthening of left-wing political groups and how will these policies affect the lives of EU citizens. The paper will also discuss France’s role as the second largest power in the EU after the United Kingdom exits and how much will it cooperate with Germany to overcome the current challenges the EU is facing. Finally, while looking at the general impact of the Brexit on the EU economy, the paper addresses how Brexit affects the member states’ system of contribution