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Britain
Brexit - All You Need to Know
2016-06-24
Many small and medium-sized firms are likely to welcome a cut in red tape and what they see as petty regulations.
Portends well for the U.S., I suppose.
What happens now?

There are no immediate changes to laws.

An agreement called Article 50 of the Lisbon Treaty, which begins the two-year process of negotiating a new trade relationship with the EU, has to be activated in order to set in motion the process of leaving the EU.

Negotiations would then begin in Brussels on the terms of the UK's exit and the nature of its subsequent relationship with the EU.
A lot of interesting stuff, many questions answered. For instance -
Has any other member state ever left the EU?

No nation state has ever left the EU. But Greenland, one of Denmark's overseas territories, held a referendum in 1982, after gaining a greater degree of self government, and voted by 52% to 48% to leave, which it duly did after a period of negotiation.
Posted by:Bobby

#20  BrExit gave away free campaign CONDOMS with the logo of BrExit and the words "Pull Out!" printed on them.
Posted by: 3dc   2016-06-24 21:27  

#19  June 23. A day that will live in independentcery.
Posted by: SteveS   2016-06-24 19:35  

#18  Funny how the Norge's and the Suisse never went there
Posted by: 746   2016-06-24 13:32  

#17  France, Italy and the Netherlands want a referendum after the British vote. Interesting times.
Posted by: JohnQC   2016-06-24 13:13  

#16  IMG_4934
Brexit is not the beginning of the end but rather the end of the beginning. We are not alone, despite what O, Hillary, Cameron, and Merkel think.
Posted by: Alaska Paul   2016-06-24 12:28  

#15  If June 23rd is Bank holiday they'll probably scrap one as well...

I thank they might scrap the europe one i.e. May day! Haha
Posted by: Bright Pebbles   2016-06-24 11:54  

#14  3dc
I loved the end of the speech.
Posted by: Bright Pebbles   2016-06-24 11:50  

#13  TTIP should be dead.
Posted by: Bright Pebbles   2016-06-24 11:48  

#12  Also seems to be a big win for UKIP...
Posted by: 3dc   2016-06-24 10:22  

#11  
Posted by: 3dc   2016-06-24 10:21  

#10  I agree with Frank G.

for example, Lloyds of London and Royal bank of Scotland are both down 20% as of a few minutes ago.

in another week or so they will probably recover at least half of that loss and in a year or so they may be in a better position than they would have been pre Brexit
Posted by: lord garth   2016-06-24 10:12  

#9  Trump in Scotland Comments

Marine Le Pen and her niece Marion Marechal-Le Pen hailed the result and looked forward to "Frexit"

British holidaymakers make up the largest contingent of foreign visitors to this country and may now be deterred from coming - because it will be more expensive. - Some in Greece now talking Grexit.

Geert Wilders - the leader of the anti-Islam, anti-immigration Freedom Party - was among the first to congratulate Britain on its "Independence Day". He promised if he were elected, the Dutch would be granted their own "Nexit" referendum.

But some Russian politicians couldn't contain their pleasure. They included Moscow's Mayor, Sergei Sobyanin, who noted: "Without the UK in the EU, there's no one there who'll back sanctions against us so stridently."
Ultra-nationalist MP Vladimir Zhirinovsky said the British public "had performed a heroic deed". He said he intended to send a congratulatory telegram to David Cameron: "Dear David, our big friend, we're happy that Britain made the right choice."


Posted by: 3dc   2016-06-24 09:18  

#8  Brexit obviously due to raxism.
Posted by: Anguper Hupomosing9418   2016-06-24 08:56  

#7  Iblis
The germans bailed out their own banks VIA greece.
Greece has them by the balls.
Posted by: Bright Pebbles   2016-06-24 08:45  

#6  I'm buying lots in a bit, just doing my own research on yeilds at the moment.

Interesting thing is EUROzone stock markets down more than FTSE....
Posted by: Bright Pebbles   2016-06-24 08:44  

#5  So far, Germans are pissed. Greeks are gloating.
Posted by: Iblis   2016-06-24 08:44  

#4  72% voter turnout.
Posted by: Frank G   2016-06-24 08:42  

#3  Yes, my take as well Frank. In the current environment, selling is losing.
Posted by: Besoeker   2016-06-24 08:41  

#2  watch the stocks dive, then slowly rebound as smart investors realize this is not a devastating hit, but an opportunity
Posted by: Frank G   2016-06-24 08:40  

#1  As the BBC said, They said Brexit was due to: an angry electorate, globalization, immigration, lost pride, and populism. I'd add another, the voters don't think their elected leaders are representing them. They don't like that the EU, the UN, the bankers and financiers are calling the shots. Similar issues in the U.S.
Posted by: JohnQC   2016-06-24 08:25  

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