According to Flavio Maluf “Brexit,” the UK citizens’ decision to leave the European Union (EU), will prove to be a bad mistake. Maluf is the Founder and CEO of Eucatex, a pioneering company in the area of construction and other manufacturing materials that are Eco-friendly and completely sustainable. What is more, Maluf has been working to save the environment now for over 20 years. He is a well educated, smart new type of entrepreneur who has often made sage observations about conditions and events in the worlds various markets. He say the signs in the current market trends are clear: the world’s markets are sensitive to major changes in the EU.
Maluf notes on Facebook, that Brexit supposedly happened because of the double whammy of having to pay the biggest share of the support of the EU, and at the same time, no longer being able to charge tariffs in their business with other EU countries. This, combined with an increasing inflation rate in Britain, led to the historic vote for the UK to leave the Union. It is true that the UK supported the EU with the biggest monetary load of all countries in the EU. In 2014, the UK paid over € 11 billion Euros, or approximately $12 billion in U.S. dollars. According to Maluf, it is the rising rate of inflation that was the ‘straw that broke the camel’s back.’
Whatever the motivation for Brexit, Flavio Maluf believes the result will be growing problems in all the world’s markets. Ironically, the only country Maluf thinks will be virtually unaffected, directly at least, is his home of Brazil. That is because Brazil does less than 2 percent of their exports to the UK. Besides that, many of the current woes in Europe are connected with the Syrian war and having to take on so many refugees from Syria. Brazil has had very few refugees applying for help. However, there are many countries, including the United States, that will be deeply negatively affected in the economy. He has used his Masters in Business Administration (MBA) from New York University to great advantage. Flavio also stresses the importance of investing in Brazil’s entrepreneurs. Read more about Flavio himself on Wikipedia here: https://pt.wikipedia.org/wiki/Fl%C3%A1vio_Maluf