Again about Brexit: from the impact on financial relationships to the geopolitical balances of the Union (i.e. the implications on the constitutional integration in Europe)

The Authors analyze the Brexit consequences with regard to the reorganization of the EU institutional framework as well as the issue of the democratization of the European economic governance. The “United Kingdom European Union membership referendum” trig-gered a procedural and legal path leading up to the exit of Great Britain from the EU, thus resulting in a halt to the integration process of this community started off back in 1973. From this point of view, Brexit is to be seen as a watershed, separat-ing UK from the EU, inter alia, on a cultural level.One year after the Brexit referendum, this article explores the economic, geopolitical and constitutional implications of the vote of 23 June 2016, taking into account certain issues that have not been fully dealt with so far in the scholarly debate: the financial impact of the Brexit; the perspective of a strengthening of the Franco-German axis; the relationship between austerity and Eurosceptic populism; the role of the referendum concerning European matters and the crisis of the rep-resentative democracy.Furthermore, the Authors analyze the Brexit consequences with regard to the reorganization of the EU institutional framework as well as the issue of the democratization of the European economic governance.