EU heard it here first: Europe is doomed without the Brits

World

EU heard it here first: Europe is doomed without the Brits

Even ‘the left’s favourite economist’ sees nothing but disaster ahead as Brussels has to cope without UK cash

Liam Halligan

“There is a tendency right now within the European Union to say that Brexit is all because of crazy British nationalism and life will be easier without them – but I am not convinced.”

So says French academic Thomas Piketty. “There are deep problems with how the EU is working and the kind of discontent you have seen in Britain, you also see it in France and Italy ... And if we don’t fundamentally change the model then anything could happen.”

Piketty is often called “the left’s favourite economist”. In 2013, he published Capital in the Twenty-First Century, a 750-page doorstopper arguing there has been a sharp rise in Western inequality...

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