Business News

Niall Ferguson: Brexit has turned into a student asking for a paper extension

Niall Ferguson says the analogy of Brexit being an expensive divorce has played out, but that it now also feels like a student asking a professor for an extension on their paper.

He isn't particularly optimistic about the EU saying, "I don't think the future of the European Union is especially bright without Britain."

Ferguson, a senior fellow at Stanford's Hoover Institution, goes on to explain how the issues of immigration and the lack of a fiscal union are making the EU "sick".

Watch the video above to hear more from Niall Ferguson on Brexit and the European Union.


Get the best of CNBC in your inbox

Please choose a subscription

Please enter a valid email address
Get these newsletters delivered to your inbox, and more info about our products and service. Privacy Policy.