Pound already fallen 11 percent against the dollar. Lowest since 1985.

 

Guess they won't be making as many 3 week vacations to Florida next Spring.

"The 52% of the British electorate who voted the U.K. out of the E.U. yesterday have signaled clearly that they want to “take back control.” They want to be governed by British leaders, observe British laws and control British borders. They’ve listened to dire predictions from pro-European British politicians, European politicians, economists, bankers, academics, think tank wonks, movie stars, athletes, members of the clergy, Barack Obama and Donald Trump. And it’s pretty clear that a majority of British voters don’t trust any of them. This was a vote against the entire political class. The bums have been tossed."

It's the end of the world as we know it...

Just saw this on Reddit:

 

"Brexit' to be followed by Grexit. Departugal. Italeave. Czechout. Oustria. Finish. Slovakout. Latervia. Byegium."

 

"Swedone. Thenmark. Extonia. "

 

I like Finish, Czechout and Swedone the best.

So from what I am gathering it is way too early to tell if they made the right move or not. Is that correct?

The other side of the coin is how hilarious this is all going to be when the next government negotiates an exit that leaves them with Norwegian-style access to the markets at the price of free movement of people. Then they'll have the same problem they wanted to be rid of without a seat at the table for rulemaking or reform.

 

That would be something. At the least, they'll almost certainly try to negotiate into Europe's single market, which would put them right back in the position of having to bend to Brussels' regulatory will. I hate to invoke such a cliche, but this all seems so much like cutting off your nose to spite your face.

So from what I am gathering it is way too early to tell if they made the right move or not. Is that correct?

Yes, but just like politics here...one side is screaming it's bad and one side is screaming that it was the right thing to do.

Just saw this on Reddit:

 

"Brexit' to be followed by Grexit. Departugal. Italeave. Czechout. Oustria. Finish. Slovakout. Latervia. Byegium."

 

"Swedone. Thenmark. Extonia. "

 

I think Germany could be next, as of now they are going to be doing almost all of the heavy lifting for the EU. How long can they support the rest of the EU before it financial cripples Germany?

Can someone tell me how immigration has affected this decision?

 

To busy today to read thru this issue.

I think Germany could be next, as of now they are going to be doing almost all of the heavy lifting for the EU. How long can they support the rest of the EU before it financial cripples Germany?

 

They love it. It's doing great by them. They'd of course like other countries to pick up the slack, but I don't see them leaving before France (where, unlike Britain, they're actually more likely to leave because they see economically liberal EU as an enemy of their quest for greater socialism) or Greece (which feels a fairly profound sense of embarrassment at the EU's demands for austerity).

They survived WW 1 and WW 2.

 

I think they will survive yet again.

Can someone tell me how immigration has affected this decision?

 

To busy today to read thru this issue.

 

It's the cornerstone of this vote. One of the central platforms of European integration has been the free movement of people and capital. If you live in one EU country, you can pack up and move to another.

 

For quite some time, it's been boiling in the UK. Loads of foreign laborers (especially from Poland) have been moving to Britain for better job opportunities. Lots of folks don't really care for this.

 

The influx of migrants from the Syrian conflict was really just the last straw from a dispute that's already been simmering for some time.

This has made me go back and ask - why, specifically was the EU formed in the first place?

 

Some links with their answers.

 

Why the Euro Was Created - For Dummies

 

The big idea behind the EU (and ultimately the Euro) is a simple one. If you get nations to trade and share their institutions, then they are less likely to go to war.

 

Here is a good article that shows when countries joined - except for the founding countries. I am having a hard time finding where the original founding countries had specific referendums voted on by the people.

 

What is the EU, why was it created and when was it formed?

 

The EU can trace its origins from the European Coal and Steel Community (ECSC) and the European Economic Community (EEC), formed in 1951 and 1958 respectively by the Inner Six countries of Belgium, France, West Germany, Italy, Luxembourg and the Netherlands.

 

French foreign minister Robert Schuman led the formation of the ECSC with the Schuman Declaration in May 1950. The organisation was a forerunner of several other European Communities and what is now the European Union.

 

 

The European Union was established under its current name in 1993 following the Maastricht Treaty.

 

Since then the community has grown in size because of the accession of new member states.

So it seems that the narrative can be twisted. Was EU just formed to avoid another war or was it the evolution of free trade?

 

Here is an interesting article that seems indicate what Brits get from leaving the EU.

 

2

Of course, there isn't a welcoming statue saying "Give us your tired, your poor. Your huddled masses, yearning to breathe free" at the mouth of the Thames.

Here is a good article that shows when countries joined - except for the founding countries. I am having a hard time finding where the original founding countries had specific referendums voted on by the people.

 

 

I don't believe the original six members had an initial referendum since -- at the time -- it was simply about creating a common trade area. I don't think the French had an actual referendum on European integration until the 1993 Maastricht Treaty which created the common currency and the full European Union.