I've lived/studied in Brussels and attended EU government institutions on exchange.
The flow of money, goods, and access to markets is not a one-way street from London to Brussels. "This is SUPPOSED to help them" is the most accurate statement from the above. In reality, this is going to pound the pound and bring down markets and create instability for a good period. The increased trade and travel barriers will restrict the flow of goods, labor, and knowledge. The increased borders and bureaucracy will increase tensions. The economic benefits touted by the exit campaign were largely skewed and can be interpreted as very misleading.
And no, they cannot simply go back. The UK needs to re-apply for the accession process from a position of weakness in which the other member states need not acquiesce to any of their demands. They have have given up all rebates and all exemptions (Schengen, monetary union) and will have to negotiate from a disadvantage if they need to crawl back.
Furthermore, based on the voting maps, Scotland and Northern Ireland have a very good reason to re-initiate referendums on their independence as well. Much of the Scottish independence vote was predicated on promises of remaining in the EU. Scotland overwhelmingly voted to stay in the EU in the Brexit vote whereas England (save for London and other metropolitan areas) voted to leave.
Don't forget Farage and his band of fascists getting an honest-to-God voice in a Boris Johnson government!
Just had a chat with one of my Irish buddies about what this means for possible reunification talks and the gist of what he said is that this is a problem because most of the reunification rhetoric has been steeped in nationalism and could be disregarded on that basis, but the Brexit actually brings real issues to the table that could re-energize and polarize the debate.
Wow. I dont even know what to say about that. I mean, the word 'racist' is being thrown around a lot in this thread but....Are those Syrians being portrayed are stealing and murdering?
That he lists "political correctness" as such a threat is telling.
Just had a chat with one of my Irish buddies about what this means for possible reunification talks and the gist of what he said is that this is a problem because most of the reunification rhetoric has been steeped in nationalism and could be disregarded on that basis, but the Brexit actually brings real issues to the table that could re-energize and polarize the debate.
I don't see Brexit making any change on how people would vote in a NI referendum in the same way that it will for Scotland.
What beautiful political maneuvering from David Cameron on this though.
Rather than invoke the articles to leave the EU he has decided to resign.
What this means in, the central question/issue in the next election in Britain will be "If you are elected, will you invoke the articles of separation?"
This is such an incredible poison pill. Any of the leaders of the group pushing for exiting the EU will now have to run on a) exiting the EU, B) going against their party and referendum result and NOT invoking articles of separation, or C) Putting it to another vote.
Whatever happens, that will be the end of that individuals respective career, whether it's Boris Johnson or this Farage duder. If those guys DON"T run for party leadership it is essentially an admission they don't want anything to do with the Brexit result and will kill their future political career.
David Cameron may have saved the UK by placing Brexit at the feet of the politicians who orchestrated it.
Masterful work.
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That's a paper loss though due to panic. No real money has been made or lost unless people reacted to the panic. I suspect a lot money will be made by people poring back into the market:
And hold the legacy as the man who broke up the united kingdom?
once the fully tally of the costs associated with this emerge in the coming months, I don't think anyone associated on the leave side of this brexit vote will have much of a political career.
Look how quickly they started distancing themselves from their dishonest rhetoric almost the moment the results came in.
Pyrrhic victory.
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And hold the legacy as the man who broke up the united kingdom?
once the fully tally of the costs associated with this emerge in the coming months, I don't think anyone associated on the leave side of this brexit vote will have much of a political career.
Look how quickly they started distancing themselves from their dishonest rhetoric almost the moment the results came in.
Pyrrhic victory.
That's possible as well.
The UK may not even have time to consider what to do or negotiate. The EU will now kick them out first. Not sure the Leave side ever thought that would happen.
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Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire
That's a paper loss though due to panic. No real money has been made or lost unless people reacted to the panic. I suspect a lot money will be made by people poring back into the market:
I agree and there were some pretty glaring examples of overselling yesterday. Thing is that I don't know that money will be pouring in right away. Cooler heads will eventually prevail, but it will take some time. (For the UK/European markets I mean).
For the US, these levels haven't been seen since roughly a month ago. That's not really cause for concern for the long term investor.
