Brexit is likely to diminish the status of the City as the euro area’s financial centre. Even so, neither the UK nor the euro area will be shielded from a crisis that will strike the other. Hence, it is doubtful that the Brexit in the City can be clean and hard. This LSE Lecture on Brexit in the City is given by Waltraud Schelkle and Paul de Grauwe of the LSE European Institute.

This post gives the views of its authors, not the position of LSE Brexit or the London School of Economics. 

Waltraud Schelkle is an Associate Professor of Political Economy at the European Institute.

Paul De Grauwe is Professor of International Economics at the London School of Economics.