Economy
Britain Puts On Its Big Boy Pants And Leaves EU
- Britain Puts On Its Big Boy Pants And Leaves EU (Image: MGN)
- The vote for leaving the European Union has finally come through and Britain is now no longer about of the union.
- David Cameron has resigned from his position as Prime Minister and rumors are now rumbling that Boris Johnson, the former mayor of London, is in succession to take his place.
- The EU is having a summit next week to discuss their future.
- Now France and the Netherlands are in talks of casting their own vote on whether to leave the Union as well.
Nationalists of Britain are celebrating their own “Independence Day” today, as Britain says goodbye to the European Union.
Nigel Farage, the leader of the UK Independence Party said, “The dawn is breaking on an independent United Kingdom,…let June 23 go down in our history as our independence day!”
The European Union was originally put together as a 28 nation agreement that promoted trade and prevented World War III. Not only has ‘Brexit' ended that so-called agreement, but it has also brought Prime Minister David Cameron's tenure to a dramatic conclusion.
Patriots of Britain who voted to leave the EU, say there were fed up with bureaucrats from Brussels, who were not elected, running the show in Britain.
A passenger, John Campbell-James, said at the Richmond train station in southwest London, “It's a vindication of 1,000 years of British democracy… from Magna Carta all the way through to now we've had a slow evolution of democracy, and this vote has vindicated the maturity and depth of the democracy in our country.”
The flip side of the coin, however, is the people who wanted to stay in the union. The fear was, if Britain left the union, massive loss in jobs would be the effect.
David Cameron, the Prime Minister, explained his resignation as, “I will do everything I can as prime minister to steady the ship over the coming weeks and months, but I do not think it would be right for me to try to be the captain that steers the country to its next destination.”
Apparently 72 percent of the voting population came out to give their voice to the “Brexit” ballot, and 52 percent of those voices wanted out of the EU.
The polls that had been done weeks before “Brexit” had shown a close race, but the “remain” vote was in the lead. So, when the vote finally came through to leave the EU, the continent itself was in shock. Stock markets crashed, indexes in Germany dropped by 10 percent, in Japan and Britain they dropped by 8.
The UK is the first and only country to every leave the EU. The European Union was built as a safeguard foundation after World War II to protect the continent from further hostility between the countries. The fear now is, the economic state of Britain is unclear. No one has ever left, so the effects are a mystery that only time will tell.
A meeting was called, by Germany, for the top diplomats from the top six founding nations of the EU to discuss it's future. Donald Tusk, the president of European Council, said they will meet without Britain next week. Yet Tusk said he would not let the turn of event change the European project.
However, the chain reaction has begun. France and the Netherlands are already calling fro an anti-EU vote.
Boris Johnson, the former mayor of London, is now up as a contender for David Cameron's old Prime Minister position. Cameron was the one that called the vote into action, he initially thought that it would silence the right-winged party, after they say that the people wanted the union. That of course is not what happened.
People are giving all sorts of reason to why Britain left the EU. Some are even saying it is because of Obama's visit. Obama urged the UK to stay in the European Union and said that if they left they would be put last in line to trade with America. That statement gave him backlash for meddling in another countries affairs.
Donald Trump, however, had a different feeling about “Brexit”. While visiting one of his golf courses in Scotland, he said the British, “took back their country. It's a great thing. “The people of the United Kingdom have exercised the sacred right of all free peoples. They have declared their independence from the European Union, and have voted to reassert control over their own politics, borders and economy.”
Yet, after the murder of lawmaker Jo Cox, who well in favor of staying in the EU, excitement shifted to fear. People drastically turned away from the concept of “leaving” the union. No evidence has been found that would link her murder to the “Brexit” vote, however, the mere thought of it raised doubt in the ballot box.
The last step of leaving the EU, is a long exhausting talk about how to seperate the economies. The European Unions economies have been fixed together since 1973 when the union began. It is assumed that the conversation alone will take up to two years to figure out the best way to dissect and seperate the existing economies. Until this separation happens, Britain will remain in the EU.