As Britain Considers Splitting From EU, South Sudan Struggles To Hold Nation Together
Financial Consequences Of Brexit Would Be Severe, OECD Says
A new study released by the UN’s Organisation for Economic Co-operation and Development (OECD) contends that the average Briton would lose on average the equivalent of a month’s salary by 2020 if Britain decides to leave the European Union.
The consequences of Britain’s departure from the EU would be a severe negative shock to the economy that would weaken GDP growth for many years. That shock, known as the Brexit tax, would carry a price tag of GBP 3,200 per year by 2030 at today’s prices, and as much as GBP 5,000 in the worst case scenario according the new OECD study.
Official figures released today show Britain’s economic growth slowed in the first three months of the year underscored how the possibility of a so-called Brexit was already weighing on confidence.
South Sudan Peace Is In Fragile State As New VP Sworn In
Below the headlines about the refugee crisis in Europe is the emerging tragedy of South Sudan, which has seen as many as two million people flee their homes in the midst of an ongoing civil war. They now live in camps under the protection of the United Nations as they face occasional armed attacks from government supporters.
The refugee crisis – and a weakened economy — is one part of a deepening human catastrophe that threatens millions of people and could undermine security throughout the horn of Africa.
Much of the focus at the moment is on maintaining a fragile August 2015 peace agreement and the formation of a transitional government. This week, South Sudanese rebel leader Riek Machar returned to his old role as vice president, and his absence puts the agreement in jeopardy.
Not only does the sheer number of refugees – 43,000 since January – speak to the level of violence in South Sudan, it reflects a larger tragedy occurring in multiple African nations, reports The Washington Post.
“A host of African nations find themselves in the tragic situation of watching citizens flee their borders, as those from neighboring countries pour in seeking refuge. Sometimes, as in the case of South Sudan, that’s because particular ethnic groups are targeted in their own countries, but can find relative peace across the border. In Ethiopia, a disproportionate amount of those fleeing to Yemen are from the Oromo ethnic group, which many say has faced persecution from the government,” writes Kevin Sieff.