I’m not sure what this means for the world economy? Certainly the markets will be down for awhile until it’s clear what will happen. It will take a couple years for the UK to withdraw from the EU.
I’ll be interested in reading the comments of more informed posters.
Is this uncharted territory? Does anyone really know what to expect?
What exactly do ‘mundane’ and ‘pointless’ mean to you?
This forum is for miscellaneous topics that don’t fit elsewhere.
I don’t have any strong opinions about the EU. Most Americans probably don’t either. We aren’t in the EU.
There is a natural interest in how this will effect the world economy. Thankfully there will be at least a two year transition period to work out the details. All the countries involved will be strongly motivated to find a way to do this without damaging the world economy.
Lets say FTSE down today ~10% and Pound down ~10% wrt USD.
So for a US guy, FTSE is ~19% cheaper in a single day!! amazing.
Cameron resigned. Effective in October.
Really a result of the UK government, and EU in general, turning a blind eye to their citizens legitimate concers about European integration, immigration and the refugee crisis. Instead of trying to alleviate those concerns, critics of current policies have been dismissed as racists. Well those ‘racists’ have a vote too, and they used it. A real clusterfuck.
Aw, and he just bought his wife that nice, slightly used, Nissan Micra. How’s he going to pay that off now.
Agreed.
I’ve been pro-EU since I was old enough to have opinions about it. It’s a noble, ambitious, optimistic endeavour. But I’ve felt more and more dissatisfied with the way it’s worked in the past 15 years.
What we have now is tons of legal and economic technicalities that nobody understands and narrow-minded bickering between member states. Mainly, the EU is boring and petty. It could change, and I hope it will because I’m not sure it’ll last long in its current form.
Interesting consequence. Before the vote I heard that if Scotland voted to stay (which they did), they may pursue breaking away from the UK again.
Brian
I regard it as self-destructive foolishness primarily fueled by xenophobia.
They’ll gain nothing from it except less power, less independence and a worse economy. And yes they’ll have* less *power, not more; on their own the UK is a small fish in a very big pond, while in the EU they were a medium sized fish in a medium sized pond. Instead of following the EU’s decisions with limited input, they’ll find themselves following the decision of the EU with no input (and less sympathy). And as said there’s the possibility of this catalyzing a further breakup of the UK, like Scotland leaving it and joining the EU on their own.
On the other hand it’s likely to increase the stability of the EU, since they’ll have Britain as a bad example to hold up of the likely consequences of leaving.
Agree with you.
But women in burqa (http://i.dawn.com/primary/2014/04/5358f5a683693.jpg) is a disgusting thing for many to see in the streets of their country. What to do about that?
And the relationship between burqas and the EU is…? Sartorial regulations are all country-level or lower, the EU has nothing to do with them and the UK has a special relationship with several of the countries whose immigrants are most likely to want their women dressed like that. So what does “getting out of the EU” have to do with “not wanting to see burqas”?
You just demonstrate my point that it’s about xenophobia.
Your indignation is over-egging the metaphor.
By leaving the UK has made the pond (the EU?) much bigger? :smack:
UK are a member of the G8 and will still be after they formally leave the EU.
They are a big fish in whichever economic pond they are swimming in.
Islamic culture is regressive. It’s a fact, not xenophobia.
Everything else is a small problem in comparison and a resolvable problem but not Islamic invasion .
Again, what the bologna sandwiches does that have to do with the EU? Do you even know how many Muslim immigrants the UK gets from other Commonwealth countries? Do you think all those Muslims suddenly teleported there when the current Middle Eastern crisis started, as well as thinking that every single Muslim is a backwards asshole?
Because if you think any of that, you’re clearly not thinking.
Interesting. Not to hijack the thread or anything, but this makes me think the US really could elect Trump, much to everyone’s surprise.
Many Muslims are liberal. Many are better than me in every aspect (that’s hardly an achievement). I would love and respect a Muslim at individual level just as I respect any non-Muslim. But Islam is very very bad/evil influence on its followers as a group.
With Cameron stepping down, is Boris the favorite for PM now?
Muslim immigration has nothing whatsoever to do with the EU. The frankly bizarre harnessing of the two has been a major, if inexplicable, success for the leave campaign. There are practically no Muslims coming from EU nations to the UK. Most Muslim immigrants have come from Pakistan, Bangladesh, India, Nigeria, not Poland.
Incidently, looking at the voting map, a majority of the regions with a high immigrant population tended towards staying in. It’s the idea of immigrants that seems to have scared people, not the actual reality. Compare this map, of the proportion of people who gave their ethnicity as anything other than “white” in the 2011 census with the BBC polling map. There are a few exceptions (Birmingham most notably), but there’s a pretty strong correlation between living in an area with a high immigrant population and voting “remain”.
And.
That’s.
Got.
What.
To.
Do.
With.
The.
EU?
