Ahead of the United Kingdom's "Brexit" referendum to decide whether to stay in the European Union or not, PIIE experts discussed the long-term impact of the vote at an event on June 2, 2016. Simeon Djankov spoke about the repercussions for intra-EU coalitions and developments in Eastern Europe. Jacob Funk Kirkegaard discussed the critical issues of labor movement: migration to the European Union and intra-EU flows to the United Kingdom. Chad Bown examined the trade and investment realities for the United Kingdom and European Union in the case of Brexit and any positive possibilities arising out of a “no” vote. Adam S. Posen commented on UK financial and monetary policy.