June 24, 201610 yr Looks like by a narrow margin Britains have voted to leave the EU. Is this the beginning of the end for the EU? What impact will this have?
June 24, 201610 yr EU will trudge on. Need serious help and one of the big voices for reform no longer at the table. Short term: pound will fall, markets will have a rough Friday. Long term: Scotland has another departure referendum, David Cameron goes down in history as the PM that broke up the UK. Beyond that it's hard to see. This was driven by immigration and I guess that will slow but we'll have to see what the long term economic consequences really are.
June 24, 201610 yr EU will trudge on. Need serious help and one of the big voices for reform no longer at the table. Short term: pound will fall, markets will have a rough Friday. Long term: Scotland has another departure referendum, David Cameron goes down in history as the PM that broke up the UK. Beyond that it's hard to see. This was driven by immigration and I guess that will slow but we'll have to see what the long term economic consequences really are. Pretty much. Hard to see much of an economic silver lining for the UK, at least in the short-term. The number of trade pacts they'll need to re-negotiate seems byzantine. And the political implications raise the thorniest questions. I'm not bullish on London having raised its stature/influence in the world. Then, of course, there's the whole other question of the remainder of the EU. Despite whatever grievances, it brought peace to a continent that hadn't known the word. Time will tell. Hopefully the financial fallout doesn't drown us over here.
June 24, 201610 yr Pretty much. Hard to see much of an economic silver lining for the UK, at least in the short-term. The number of trade pacts they'll need to re-negotiate seems byzantine. And the political implications raise the thorniest questions. I'm not bullish on London having raised its stature/influence in the world. Time will tell. Hopefully the financial fallout doesn't drown us over here. Rule 50 of the EU Charter is what I believe Cameron will now invoke. It has a two-year period for exit negotiations and I can't imagine anyone in Brussels wanting to make those talks very pleasant for the Brits. EU was never contemplated with exits in mind. Just read that the terms of Rule 50 that put together the framework for how a country leaves didn't even exist before 2009.
June 24, 201610 yr Rule 50 of the EU Charter is what I believe Cameron will now invoke. It has a two-year period for exit negotiations and I can't imagine anyone in Brussels wanting to make those talks very pleasant for the Brits. EU was never contemplated with exits in mind. Just read that the terms of Rule 50 that put together the framework for how a country leaves didn't even exist before 2009. Article 50 It seems lisbon-treaty.org is under a lot of strain right now. :lol2:
June 24, 201610 yr Interesting that despite all the EU "Powers to Be" and our own beloved President Obama openly cautioning the Brits to strike down this withdrawal from the EU; it's passing with an increasing margin? Markets take a short term hit, but an overall rejection of liberal/progressive economics and free-flow immigration? Working man's revenge or better put--Wake up call.
June 24, 201610 yr France may be the next domino that might consider leaving the EU as well as some articles seem to be suggesting as they have a very low approval of the EU operations as a whole. Not to mention, as some have already said, this could mean the end of the United Kingdom as Scotland may now leave them as well. While it's a bit scary to think about the mess that will follow all of this, it still will be very interesting to watch.
June 24, 201610 yr Check out @KngHnryVIII's Tweet: Henry Tudor on Twitter: "OMG. Cooperation between nations?! The whole reason God gave us other countries is so we can have places to burn, plunder & destroy. #Brexit"
June 24, 201610 yr Taking Europe back to the good ole days. This may be one of those moments historians look back on when looking at causes and effects. :isurrender:
June 24, 201610 yr David Cameron has announced he will step down as Prime Minister. Someone else will get the unenviable job of dealing with the fallout. He's probably a year or more too late. Of course, Labour is under the inept leadership of Jeremy Corbyn, which played no small part in "Remain" camps lackluster effort.
June 24, 201610 yr Cameron rolled the dice one too many times. Finally came up snake eyes. The smart money is still on buying up pounds sterling today as they'll come out up in the long run, but these next few weeks will be telling as to how this exit will go for them.
June 24, 201610 yr Author I don't know if British Parliament is meeting today, but that would be must see TV. Those guys throw down, right in each others faces.
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