Comment on the Election Result in the UK - ZEW President Fuest: "A Good Result for Europe"

The UK election results are in. According to Professor Clemens Fuest, President of the Mannheim Centre for European Economic Research (ZEW), the result shows three things: "First, the government has been rewarded for their strict budgetary policy and the economic upturn in the UK. Second, the gulf between Scotland and England continues to widen. Third, voters have cut UKIP down to size. Even though there will be a referendum on EU membership, a withdrawal of the UK has become less likely. All in all, it is a good result for Europe."