Brexit It Is
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU members
unanimously vote to continue negotiations. When exactly the United
Kingdom will decide to invoke Article 50 is unclear, particularly since
Prime Minister David Cameron vowed to leave the decision to his
successor when he announced his resignation on June 24. Cameron said he
will continue to serve for the next three months to allow time for his
Conservative Party to decide who should replace him.The second question
is how the vote in the U.K. will affect both domestic and regional
politics, and, in particular, whether it will strengthen euroskeptic
movements in other countries or even prompt more referendums. There will
be plenty of opportunities to find out: Scotland voted to remain in the
European Union, raising the specter of another independence vote, Spain
will hold a general election June 26, Italy is planning a
constitutional referendum in fall, and France and Germany have elections
in 2017. Finally, the length, breadth, and exact nature of the market
shock that is already underway remain to be seen.
Stay tuned to The Financialist in the days ahead for full coverage of the impact of the United Kingdom’s historic Brexit vote.
- See more at: https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
Stay tuned to The Financialist in the days ahead for full coverage of the impact of the United Kingdom’s historic Brexit vote.
- See more at: https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU members
unanimously vote to continue negotiations. When exactly the United
Kingdom will decide to invoke Article 50 is unclear, particularly since
Prime Minister David Cameron vowed to leave the decision to his
successor when he announced his resignation on June 24. Cameron said he
will continue to serve for the next three months to allow time for his
Conservative Party to decide who should replace him.The second question
is how the vote in the U.K. will affect both domestic and regional
politics, and, in particular, whether it will strengthen euroskeptic
movements in other countries or even prompt more referendums. There will
be plenty of opportunities to find out: Scotland voted to remain in the
European Union, raising the specter of another independence vote, Spain
will hold a general election June 26, Italy is planning a
constitutional referendum in fall, and France and Germany have elections
in 2017. Finally, the length, breadth, and exact nature of the market
shock that is already underway remain to be seen.
Stay tuned to The Financialist in the days ahead for full coverage of the impact of the United Kingdom’s historic Brexit vote.
- See more at: https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
Stay tuned to The Financialist in the days ahead for full coverage of the impact of the United Kingdom’s historic Brexit vote.
- See more at: https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
The British people spoke in the June
23 referendum, voting by a margin of 52 percent to 48 percent to leave the
European Union. For now, the Brexit vote raises more questions than it answers.
The only other time a country has left the EU was in 1985, when Greenland
exited six years after gaining independence from Denmark. Given the relative
size of the economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question facing
the post-Brexit world is when exactly a break with the European Union will
happen—or if it will happen at all. To leave the EU, a country has to trigger
Article 50 of the Treaty of Lisbon by formally announcing that it wishes to
leave, which then triggers a two-year negotiation over the terms of its exit.
If no agreement can be reached in two years, the country must leave immediately
unless EU members unanimously vote to continue negotiations. When exactly the
United Kingdom will decide to invoke Article 50 is unclear, particularly since
Prime Minister David Cameron vowed to leave the decision to his successor when
he announced his resignation on June 24. Cameron said he will continue to serve
for the next three months to allow time for his Conservative Party to decide
who should replace him.The second question is how the vote in the U.K. will
affect both domestic and regional politics, and, in particular, whether it will
strengthen euroskeptic movements in other countries or even prompt more
referendums. There will be plenty of opportunities to find out: Scotland voted
to remain in the European Union, raising the specter of another independence
vote, Spain will hold a general election June 26, Italy is planning a
constitutional referendum in fall, and France and Germany have elections in
2017. Finally, the length, breadth, and exact nature of the market shock that
is already underway remain to be seen.
Stay tuned to The Financialist in
the days ahead for full coverage of the impact of the United Kingdom’s historic
Brexit vote.
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU - See more
at:
https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU - See more
at:
https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU - See more
at:
https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU - See more
at:
https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU - See more
at:
https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU - See more
at:
https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU members
unanimously vote to continue negotiations. When exactly the United
Kingdom will decide to invoke Article 50 is unclear, particularly since
Prime Minister David Cameron vowed to leave the decision to his
successor when he announced his resignation on June 24. Cameron said he
will continue to serve for the next three months to allow time for his
Conservative Party to decide who should replace him.The second question
is how the vote in the U.K. will affect both domestic and regional
politics, and, in particular, whether it will strengthen euroskeptic
movements in other countries or even prompt more referendums. There will
be plenty of opportunities to find out: Scotland voted to remain in the
European Union, raising the specter of another independence vote, Spain
will hold a general election June 26, Italy is planning a
constitutional referendum in fall, and France and Germany have elections
in 2017. Finally, the length, breadth, and exact nature of the market
shock that is already underway remain to be seen.
Stay tuned to The Financialist in the days ahead for full coverage of the impact of the United Kingdom’s historic Brexit vote.
- See more at: https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
Stay tuned to The Financialist in the days ahead for full coverage of the impact of the United Kingdom’s historic Brexit vote.
- See more at: https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
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The
British people spoke in the June 23 referendum, voting by a margin of
52 percent to 48 percent to leave the European Union. For now, the
Brexit vote raises more questions than it answers. The only other time a
country has left the EU was in 1985, when Greenland exited six years
after gaining independence from Denmark. Given the relative size of the
economies involved and the integration over the intervening three
decades, that was obviously quite a different matter. The first question
facing the post-Brexit world is when exactly a break with the European
Union will happen—or if it will happen at all. To leave the EU, a
country has to trigger Article 50 of the Treaty of Lisbon by formally
announcing that it wishes to leave, which then triggers a two-year
negotiation over the terms of its exit. If no agreement can be reached
in two years, the country must leave immediately unless EU members
unanimously vote to continue negotiations. When exactly the United
Kingdom will decide to invoke Article 50 is unclear, particularly since
Prime Minister David Cameron vowed to leave the decision to his
successor when he announced his resignation on June 24. Cameron said he
will continue to serve for the next three months to allow time for his
Conservative Party to decide who should replace him.The second question
is how the vote in the U.K. will affect both domestic and regional
politics, and, in particular, whether it will strengthen euroskeptic
movements in other countries or even prompt more referendums. There will
be plenty of opportunities to find out: Scotland voted to remain in the
European Union, raising the specter of another independence vote, Spain
will hold a general election June 26, Italy is planning a
constitutional referendum in fall, and France and Germany have elections
in 2017. Finally, the length, breadth, and exact nature of the market
shock that is already underway remain to be seen.
Stay tuned to The Financialist in the days ahead for full coverage of the impact of the United Kingdom’s historic Brexit vote.
- See more at: https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
Stay tuned to The Financialist in the days ahead for full coverage of the impact of the United Kingdom’s historic Brexit vote.
- See more at: https://www.thefinancialist.com/spark/brexit-it-is/?utm_source=Newsletter&utm_medium=email&utm_campaign=Newsletter&utm_content=Newsletter#sthash.q2uRzmbZ.dpuf
Brexit It Is
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