Saturday 1 February 2020

BREXIT AND ITS REPERCUSSIONS

On the 23rd of June 2016, Britons decided to leave the European Union. 52% voted to leave while 48% chose to remain.  Years after the vote, arguments continue about the pros and cons of quitting the EU and what Brexit will mean for the UK.

In 2016, the Pound was worth 1.32 Euros while the exchange rate had fallen to a lowly 1.11 Euros by October of the same year. Today 1 Euro equals 0.84 of a Pound.

The Scots have always been very pro-European unionists, so when they were asked in a poll "Should Scotland be an independent country" so they could remain in the Union, 51% Scots, aged over 16 answered "Yes".  Mrs Nicola Sturgeon, Scotland's First Minister said that her compatriots should vote for independence "with passion but also with patience and respect".  62% Scots voted to remain in the European Union and they added that "they do not wish to be dragged out against their will."






The EU's royal blue flag with yellow stars will continue flying at the entrance of legislature, dominated by pro-independence Scotland, signalling to the EU that they are welcomed and valued in Scotland.  According to the Herald: "Back to the EU through independence".  The Europeans, however, wish that the whole of the United Kingdom remains in the Union. 

Why does Brexit happen at 11 pm?  It's a concession to the European Union standards, it's midnight in Brussels not in Britain.   That's symbolic at a time in history that is heavily marked with hope, anguish, anger, compassion and remorse.

Unfortunately, Britain has decided to leave the European Union.  It makes no sense that the other members will be keen that Britain should remain in Europe.  This deplorable event sends a message to our partners, about the high price to be paid for leaving the EU, hoping that as they have seen the benefits of being united, they will wish to remain so.  Brussels is definitely against Brexit.

Brexiteers and Bremainers in the English Parliament engaged in an intense argument about Brexit and the bleak future of Britain, when they leave the Union, while the Prime Minister, Mr Boris Johnson, considers it a new start.

Before the collapse of Thomas Cook, the company had warned that uncertainty about Britain remaining in the EU had minimized their bookings by far.  A large number of important companies in Britain had either gone bankrupt or have already moved or intend moving their premises abroad, due to Brexit, such as Ford, Barclays, Jaguar Land Rover, British Steel, HSBC, Airbus, Panasonic, Sony, AXA, Schaeffer, Nissan, Toyota, Body Shop, and Michelin.  It is tragic to perceive the enormous loss of assets and jobs in Britain.     

(I wish to thank ERT, SKY TV, BBC, CNN, FRANCE 24, the Herald, the Times, Kathimerini and Estia for their valuable help for this post)




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