Anxiety as Britain Exits the European Union

A wave of shock is reverberating around Europe as countries across the EU and beyond digest the decision by UK voters to leave the European Union.

Just this morning the results of the brexit vote has been released and the whole continent (Europe) is in shock.

"This represents the biggest setback in decades for those who support the idea of European unity. The EU will be changed forever. It has already been dealing with multiple crises in recent years - but this could, and probably will, dwarf them all." says Chris Morris

The President of the European Council, Donald Tusk, said it was not a moment for hysterical reaction. But speaking on behalf of the leaders of the other 27 EU countries, he said they were all determined to maintain their unity.

Veteran European politician Carl Bildt has already spoken of immediate turmoil and long-term uncertainty.

The divorce negotiations will last at least two years - a vastly complicated legal and political process.

The rest of the EU will want to forge a good deal with the British government, but in many capitals there will be little appetite for doing the UK any favours. That's partly because Euroscepticism is on the rise across the continent, and influential political leaders will not want to give the impression that leaving is easy.

France and Germany - along with other like-minded countries - may now try to push ahead with further integration in some areas, without the UK holding them back. But for the moment they are trying to digest the fact that Europe's political order has been overturned - with far-reaching consequences that no-one can accurately predict.

What does this mean for the UK?

 

• Introduction of VISAs for movement will come back
• No more free trade relations within the EU.
• Boundary policies applies to all EU citizens and businesses entering the UK and vice-versa
• Many other political and legal restrictions

 

What do you think about this development? Will this affect the economy of Engalnd? Will this development crash the Pounds Sterling?

So many other fears rest in the heart of the people.

 

REF

Polls result from BBC News