15/08/2016 00:00
Who has more to fear from the British exit from the European Union, the UK or those countries who remain part of the EU? There is no simple answer to the question and without the benefit of a crystal ball it is very difficult to tell. But what is clear is that the EU will be losing its second biggest economy and Britain was a "payer" rather than an "invited guest".
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After the open doors for everybody fiasco, it won´t be long before Mrs Merkel will be making a televised appeal to her own people asking them to vote for her so that she can remain in power, let alone in the EU.
I think it may take longer than 2 years to completely 'divorce ' from the EU. It could take up to 5 years. By then, another Referendum could be instigated, because the problems and legalities are too complex to effect. Meanwhile, those Countries in the EU, who are already contracted to the UK, will continue to maintain their business. Brexit will not affect those businesses who are, and will want to continue their business dealings with Great Britain.
At the moment Great Britain has not invoked article 50, to start the " Divorce " from the EU . It will take at least 2 years at least, to be no longer tied to the EU. The drop in the Euro exchange rate, at present 1.13 to one pound, is because the financial world and Banks, are over reacting ( as usual ). When Great Britain starts the divorce, and progress is being established. The pound will start to recover. Which will be a great relief, to all 'Euro' operated Countries in the EU..
The list of EU leaders, from Merkel to Rajoy, that came out and stated that they wanted the UK to remain, is a rather long one. They joined Obama and other non-EU leaders in calling for the same outcome.So, once again; this editorial. Face. Palm.