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Last Friday, the Jean Monnet Center for International and Regional Economic Law & Justice at NYU School of Law hosted a lunch talk with Ed Balls, now a Senior Fellow at Harvard’s Kennedy School, but formerly Cabinet Minister and Shadow Chancellor for the British Labor Party and hence an insider of British politics. The capacity audience in the lounge of 22 Washington Square North witnessed a live performance by a political mastermind as Balls disentangled historic path dependencies, cultural differences, and political rationales to explain the ‘awkward relationship’ between the UK and the EU. Against the backdrop of the ongoing negotiations for a new settlement between the UK and the EU on the basis of which the British electorate will vote either to leave the EU (‘Brexit’) or to stay (‘Bremain’), Balls argued forcefully for the UK to stay in the EU to avoid losing both influence and prosperity. He has made the argument in more detail in an article for the Wall Street Journal. Based on current polling data, he predicted a close referendum with the ‘Bremain’ side keeping the upper hand.
The initial reactions by the two discussants Daniel Keleman and Peter Lindseth sparked an interesting debate.
