One way or another we will see what happens. Leaving the EU is not as simple as this vote. The process itself takes years and there are clauses and bylaws etc. They make it very hard to leave. Here's an interesting (and current) article on the topic:
https://theconversation.com/britain...u-cameron-quits-heres-what-happens-next-61420
After this vote, now the UK needs to make a formal declaration of intent to leave the EU. From there a number of actions are set in motion. It's convoluted and designed to stop any member country from exiting. I am still of the opinion that the "strength" of the EU is retaining the illusion that it's member states need it and once the spell is broken the "union" will be soon to follow. One shouldn't underestimate the hatred that austerity measures have garnered. Unless the EU with help from the states manages to squash this "uprising" inside the next two years (which it very well may do) then other nations may well follow suit.
Here's another interesting article:
http://time.com/4381428/brexit-eu-response/
On a side note, I reside in Australia.
Cheers
That's not quite true.
As soon as the UK submits article 50 they have two years to negotiate the leave conditions, if the deadline isn't prolonged with an unanimous vote, they're out after the two years. If they've finished negotiating by then doesn't matter. There is no turning back after the article was submitted, simply for the reason that a country can't blackmail the EU with threats to leave and then decides to stay as soon as it sees how the leave conditions will come out. So article 50 is not designed to stop members from leaving, as soon as you submit it, it is sure that they'll leave.
The EU has given the UK an ultimatum to submit article 50 until tuesday. I doubt that the UK will do this, but if they take too long its well possible that the EU members change the laws and simply eject the UK from the Union.
The biggest strength of the EU is the common market, which would undoubtly cease to exist if the union falls apart. If that should happen, you can expect the world economy to turn really really fast.
With the current economic turmoil in the UK and the relatively hard reactions from the EU (not their memberstates), no sane government would even consider to leave it.
Believe it or not, but the EU significantly improves the ability of european countries to trade in Europe. And freedom of movement is necessary for a common market like that.
For the austerity measures, it was mostly Germany who pushed them through after Greece fell into its debt crisis. But its the only way to do it. Of course the EU could pay Greece from its back pocket. But is it clever to do that, while you have several other member states with financial troubles?
After all we choose to stand by the side of Greece by not ejecting them from the EU like it was discussed. They got large amounts of money send to fix their , but of course the EU need to supervise the process of fixing Greece. Simply because they don't want the money to disappear into some greek politicians pocket again.
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The sales of ED and paint job should allow to maintain these forecasts
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I hope so
Buy all the FDev stocks!
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