Lurker Posted June 25, 2016 Report Share Posted June 25, 2016 just saw the news yesterday : Britain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War Two to the European project of forging greater unity. Global stock markets plunged on Friday, and the British pound saw its biggest one day drop in history, as results from a referendum defied bookmakers' odds to show a 52-48 percent victory for the campaign to leave the bloc Britain joined more than 40 years ago. The United Kingdom itself could now break apart, with the leader of Scotland, where nearly two-thirds of voters wanted to stay in the EU, saying a new referendum on independence from the rest of Britain was "highly likely". German Chancellor Angela Merkel will meet French, German and Italian leaders in Berlin on Monday to discuss future steps, and the foreign ministers of Germany, France, Italy, Belgium, the Netherlands and Luxembourg, will meet on Saturday morning. U.S. President Barack Obama on Friday tried to limit the fallout from Britain's vote to leave the European Union which threatens to harm the U.S. economic recovery and distract U.S. allies from global security issues. Obama, who had argued passionately against the UK leaving the EU in a trip to the Britain this year, vowed that Washington would still maintain both its "special relationship" with London and close ties to Brussels. In an emotional speech on Friday, UK Prime Minister Cameron, who led the campaign to remain in Europe to defeat, after promising the referendum in 2013, said he would leave office by October. "The British people have made the very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction," he said in a televised address outside his residence. "I do not think it would be right for me to be the captain that steers our country to its next destination," he added, choking back tears before walking back through 10 Downing Street's black door with his arm around his wife Samantha. The British pound fell as much as 10 percent against the U.S. dollar on Friday to levels last seen in 1985 on fears the decision could hit investment in the world's fifth-largest economy, threaten London's role as a global financial capital, and usher in months of political uncertainty. The euro slid 2.0 percent against the U.S. dollar. [MKTS/GLOB] World stocks saw more than $2 trillion wiped off their value. European stocks ended down 7.0 percent STOXX, the biggest one day fall since 2008. U.S. stocks fell suffered the largest selloff in ten months sharply, with the Dow Jones industrial average .DJI losing 3.4 percent. [.N] Investors rushed to put their cash in the safety of gold which clocked up its biggest daily gain the global financial crisis of 2008, ending Friday up 5.0 percent at $1,315 an ounce. source : http://www.reuters.com/article/us-britain-eu-idUSKCN0Z902K 1 Quote Link to comment Share on other sites More sharing options...
darksabersan Posted June 25, 2016 Report Share Posted June 25, 2016 "The British people have made the very clear decision to take a different path and as such I think the country requires fresh leadership to take it in this direction." Well, 52 / 48 % is not really clear decision in my opinion and this a free choice from the UK citizen. "In an emotional speech on Friday, UK Prime Minister Cameron, who led the campaign to remain in Europe to defeat, after promising the referendum in 2013, said he would leave office by October." Prime Minister Cameron can blame himself because he initiates this referendum and he criticize the role and the decisions applied by Brussels. Anyway Europe had to change and this will force them to think differently how Europe should be. Bye, bye UK. darksabersan. 1 Quote Link to comment Share on other sites More sharing options...
rahmansunbeam Posted June 25, 2016 Report Share Posted June 25, 2016 Wikipedia says Britian subsequently applied to join the European Economic Community (EEC) in 1963 and 1967 and failed. On January 1, 1973 UK finally succeeded to join the EEC but again challenged by a referendum on 1975 asking votes for yes or no on the question: “Do you think the UK should stay in the European Community (Common Market)?”. So if you think the recent ‘Brexit’ came all on a sudden, you are wrong. In 1975 ‘yes’ won with 67.2% vote, but on last thursday it’s the ‘no’ who won when the question was for the whole European Union. Here is a map from NY Times showing the result. ctrl+c ctrl+v from CG. Quote Link to comment Share on other sites More sharing options...
Lurker Posted June 26, 2016 Author Report Share Posted June 26, 2016 it is said that once you out from EU, you cannot join anymore, is it true? Quote Link to comment Share on other sites More sharing options...
darksabersan Posted June 26, 2016 Report Share Posted June 26, 2016 it is said that once you out from EU, you cannot join anymore, is it true? According to the Article 50 of the European Union Treaty: - If a State which has withdrawn from the Union asks to rejoin, its request shall be subject to the procedure referred in Article 49. To summarize, a return is possible. darksabersan. 1 Quote Link to comment Share on other sites More sharing options...
intertronic Posted June 26, 2016 Report Share Posted June 26, 2016 a return will be always possible if the EU needs something from UK 1 Quote Link to comment Share on other sites More sharing options...
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