Flavio Maluf, a sustainable materials company president, has made the case that Brexit was a big mistake for much of the world. Maluf is a well-educated business man that has pointed out that the historic vote by Britain to leave the European Union (EU), termed “Brexit,” will result in a large economic downturn for many nations. He says the signs of how large of a mistake Brexit was are easy for anyone who has the skills to see them.
Most market analysts are saying the loss of import tariffs, combined with a requirement to pay so much more than the other EU countries, just to support poorer countries, such as Greece, are the only two reasons that UK citizens were moved to vote for an exit. But, Flavio Maluf has identified the major culprit as being the rampant inflation Britain was suffering with, on top of the other two problems, as well. It really was a “trifecta” of negative issues connected with being a member of the EU.
The UK was paying quite the largest payments to support the EU. In 2014 the UK paid € 11 billion Euros as their lion’s share. Flavio Maluf is the academic businessman who became a most-successful Founder and CEO of Eucatex, headquartered in the fascinating country of Brazil. He puts his dedication to Eco-friendly sustainable living into action and has been doing so for two decades. Check out more of Flavio’s expert analysis on Brazil’s economy in his Exame.Abril.com.br posts.