What negative consequences? A slight drop in their currency? The point of them exiting is to reclaim blue-collar jobs through protectionist policies. Not ent

What negative consequences? A slight drop in their currency? The point of them exiting is to reclaim blue-collar jobs through protectionist policies. Not entirely progressive, but it'll likely accomplish that singular goal. No, it's not all sugar plum fairies, but the electorate decided they'd prefer protectionism and nationalism to the status quo, they want blue collar jobs, not to maximize GDP or the exchange rate. Edit - I should also add, nowhere did I mention what I thought is the best course of action. The fact is, there's a growing movement to leave the EU. Draghi is making threats. I question the legality and practical application of these threats. Maybe someday I'll write a blog post or something about Europe and economics. For now I'm done school and working on a business of mine. As the other poster said as well, protectionism isn't contrary to economic orthodoxy. It's just not considered particularly progressive.