David Zahn: Brexit threatens to shift EU's balance of power

After a year in which politics dominated the European investment agenda, 2018 should bring more focus on economic fundamentals. Looking further out, however, we see politics returning to the agenda as the full implications of the UK's departure from the European Union (EU) reveal themselves. In particular, we see Brexit having a significant impact on the balance of power in the trading bloc and on the way it operates. The election of Emmanuel Macron as French president and the re-election of Angela Merkel as German chancellor - both proponents of further European integration - suggests t...