business

From trade to migration: How Brexit may hit the EU economy

5 Comments
By Philip Blenkinsop

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It's not over yet. In my home city in Scotland 75% voted to remain in the EU, with the rest of Scotland not far off that figure. Although I voted in the independence referendum to stay in the UK, I'll be switching that vote in the inevitable second referendum on that issue. It seems that in the UK as a whole the vast majority of young people voted to stay in the EU. They're the people who have to deal with this decision and they would be right to feel aggrieved.

6 ( +7 / -1 )

Well said, Hackney!

Scotland can forge even closer ties across the water, where the only ones to be duped into voting Leave - DUP voters - largely identify as Ulster Scots anyway.

The Hiberno-Scots region can be a centre of excellence for education, culture and 21st century industries.

3 ( +5 / -2 )

The UK's exit vote is a good thing for Europe, it's a wake-up call for dissent .... and if the European Politicians are smart, they may offer a chance for a rethink about the structure of the EU as a whole.

It shouldn't take much for the average European to recognize that the recent appetite for expansionism within "Europe" has highlighted various weakness with the current approach - for example, the Common currency strategy impacts the poorer Countries, keeping them in at best, in a Limbo state of Poverty, or at worst nearing or entering Bankruptcy & facing ejection from the EU (i.e. being kicked out on their asses), whilst at the same time dragging down the rest of Europe with continual bailouts. Doesn't seem right... does it ?

Also, what about imposition of Laws that are not sensitive to the Cultural Heritage of the Member States ? Surely there has to be a base line of Law that is common to all - basic Human rights being one, though Europe appears to be totally ignorant of this, and wishes to bulldozer it's way over any dissent. As an example, I think the following gives a tip-of-the-iceberg idea as to why:

http://www.bbc.com/news/uk-politics-eu-referendum-35648212

Europe has a wide diversity of Cultures and satisfying all, just is not possible, without having a common ground - but where is that Common ground ? If you're looking for an idea, lets' start with controversial opener, that "Germany = bad .. for starting 2 World Wars ?", which actually may be a good place to start to quieten their dissatisfaction with the rest of 'Europe' and think about the above points, about what being European is, and how Cultural differences may impact that.

-2 ( +1 / -3 )

Brexit is a clear affirmation to limits of globalization and integration. Citizens are more interested in some limits to immigration, better public security against terrorism, slower rate of change to trans-border job movements & replacement, bureaucrats less detached from people's livelihood, etc. Economies and markets globally will have to adjust to this new realities. This uncertainty and adjustment will bring about lower economic growth in the near future.

1 ( +1 / -0 )

The English never had much trouble moving around the place before the EU and they won't now. As the UK has a trade deficit with the EU, it is inconceivable that English buyers won't be able to continue to purchase goods from the EU, is it?

0 ( +0 / -0 )

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