This map shows how the rest of Europe is at risk from Brexit contagion
Britain voted to leave the European Union last week and now analysts are concerned that a Brexit could spark a wave of referendums across the 28-nation bloc.
Although Britain has not yet triggered Article 50 - which is the formal notification to the EU when country aims to leave and thereby kickstarting a two-year negotiation period - many are worried about the impact it might have on other countries.
EU officials face difficult choices during the exit negotiations, especially given the rise of populist countries throughout Europe. Right-wing and anti-immigrant parties in the France, Slovakia, Netherlands, Denmark, and Sweden are asking for their own referendums.
Research and consulting firm Eurasia Group put together a map which analyses how at risk European countries are of catching Brexit fever - in other words, asking its population to vote on whether it wants to remain in the EU or not.
Europe practice head Mujtaba Rahman and analyst Federico Santi put together this graphic for the Eurasia Group:
Eurasia Group/Mujtaba Rahman/Federico Santi
The head of France's far-right party, Marine Le Pen, praised the UK and her second-in-command called for a French referendum.
A far-right party in Slovakia, People's Party-Our Slovakia, also called for a referendum the day after the Brexit result was announced and far-right parties throughout the bloc, have been calling for the same. Gert Wilders in the Netherlands has been especially vocal about it, but parties in Sweden, Austria, and Denmark have been calling for thei own referendums.
"Nearly every European state is now grappling with stronger fringe party candidates at home, with large populations (generally from 30%-60%) in favour of getting their own referenda," said President of the Eurasia Group, Ian Bremmer, to Business Insider in an email.
"To be clear, it remains quite unlikely any of these fringe party leaders can actually win in Europe's major countries, but the process of buying them off will be challenging, and far more so if exiting an increasingly broken EU looks like an ever more plausible option from the perspective of the domestic populations."
REUTERS/Neil Hall
"East and southeast European governments, particularly those where populist leaders are already in power (Poland, Hungary, Slovakia), will leverage agreement on any eventual UK deal to extract more concessions for themselves," Bremmer said.
On the other hand, if they give the UK a severe deal, this might cast EU officials like "punishers" and make the bloc appear more like a prison than a union. In turn, this might stir anti-EU sentiments at a time when it is already not very popular.
"The political motivation of most European leaders is to make the Brexit path and ultimate outcome as unpalatable to other would-be independence seekers as possible," Bremmer said.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market