#Brexit

The Road to Brexit 2017

After months of push-pull, Theresa May finally announced that the Brexit procedure will officially start by the end of March 2017. But it is too early for the hard-core Euroskeptics to start their celebration: with a population less and less favorable to abandon the EU, a conflictual Cabinet, and a PM whose positions are still to be clarified, the UK stance on Brexit is far from being done and dusted.

Theresa May has announced that she will trigger Article 50 by the end of March 2017. If she sticks to her plans, the U.K will leave Europe in spring 2019. But the road toward Brexit is bumpy, to say the least.

The regrets of the Leavers.
First of all, leaving the EU might not reflect anymore what the British want. A recent survey conducted by the British Election Study reveals that 6% of the Leavers would change their vote, if asked again today, against only 1% of the Remainers, enough to overturn the results of the Referendum. Be it because, eventually, many of the promises made by Nigel Farage and his followers turned out to be unrealistic, not to call them lies, like the copious (and non-existent) amount of funds to be committed to the National Health System. Be it because the United States reiterated that there wouldn’t be any bilateral agreements, nor discussion, until the British Government sorts out his role with the EU. Or be it because the pounds is plummeting and it is expected to reach parity with the Euro within 2017, British people seem to second guess their desire of leaving the Union.

 

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Brexit is about many things, but Europe is not one of them

Let’s be clear: the European Union is not perfect. The UK referendum has provided the EU with a golden chance to take a long deep look at itself and fix its shortcomings.

And while is legitimate for a country to leave the Union, the whole Brexit debate was not about Europe. Rather, it was a clash between what the UK used to be – and won’t be again- and what it is now.

Let’s take our country back. Back from whom?

The leavers have repeated it endlessly. “Let’s take our country back!” Too bad no one from the “remain” faction has bothered asking them who’s stolen their country. For sure, it was not the EU.

If Farage & Co. were referring to the non-European immigration, then here is a good news for them. No one from the EU is pushing immigrants toward the UK. In fact, when adopting the Lisbon Treaty, the British Government stroke quite a nice deal. The UK is not forced to share the immigrants’ quota – differently from the other 27 member states- unless its Government decides to do so voluntarily.

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Brexit: a bad idea turned reality

United_Kingdom_EU_referendum_2016_area_results_2-tone.svgWith little more than 50% of the votes, the Leave party has succeeded in what could be Britain’s biggest mistake in its recent history.

 

It was too close to call for hours, but eventually, the polling stations returned their result and David Cameron, whose leadership is now shakier than ever, will have to start the procedure to invoke Article 50. While Boris Johnson and Nigel Farage, the most vocal supporters of the leave faction are celebrating by calling the 23 of June the “new Independence Day” and urging the Prime Minister’s resignation without further ado, dark clouds are hanging over Britain’s future.

The pound is plummeting.

Immediately after the results were made officially available, the pound started to plummet, as expected, reaching its lowest point in more than 30 years and dragging with it a number of other stock markets, European and not. No one knows if and when it will start gaining again, but it’s unlikely it will be in the short term.

The economy will suffer for a long time.

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Brexit: the referendum that might change Europe

brexit-1462470589PAa.jpgIf you haven’t been following the referendum that might change the European Union forever, here is Brexit in a nutshell.

It is the question of the moment in Europe: will the UK leave or remain in Europe? Less than 24 hours from the vote, here are eight things to know about the Brexit.

When it will happen.

The referendum will take place on Thursday 23 June 2016. However, this is not the first time the UK has had to decide on its position toward the EU: a similar referendum was held in 1975 and pro-Europe supporters won by far with almost 70% of votes.

Why now?

Euro-skeptic argued that it has been more than 30 years since last time the UK population had a chance to have its say on the EU membership. They also maintain that the political and economic situation has radically changed during the last years and therefore what was true back in 1975 might not be valid anymore in 2016.

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