If a British referendum on European Union membership scheduled for 23 June led the UK to leave the EU, there would be a severe negative shock to the economy, causing growth to weaken for many years,
an OECD study argues.
OECD Secretary-General Angel Gurría put it bluntly in a speech to the London School of Economics on Wednesday 27 April: quitting the EU would be a pure dead-weight loss, with no economic benefit, but rather imposing a Brexit tax on generations to come. You can hear the podcast here. Indeed, while EU membership has contributed to British prosperity, current uncertainty about the outcome of the referendum has already started to undermine UK growth, writes Rafal Kierzenkowski, on the OECD Economics Department’s blog.
*OECD Observer
Parley
Middle English parlai speech, probably from Middle French parlee, from Medieval Latin parabolare, from Late Latin parabola speech, parable
First Known Use: 1580*
“Parley” is a discussion or conference, especially one between enemies over terms of a truce or points in dispute or other matters; mutual discourse.
The root of the word parley is parler, which is the French verb “to speak”.
Beginning in the High Middle Ages with the expansion of monarchs, a parley, or “talk”, was a meeting held between kings and their Chief Retainers. Parleys were part of the many changes in Europe, especially regarding governments. These meetings can be attributed to the formation of parliaments, which are derived from a similar root, parliamentum, simply meaning “talking”.**
Act V Julius Caesar by William Shakespeare
Drum. Enter BRUTUS, CASSIUS, and their Army; LUCILIUS, TITINIUS, MESSALA, and others
BRUTUS: They stand, and would have parley.
*Merriam-Webster
**Wikipedia (from Webster)
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