So whats this mean for the UK now? They have to renegotiate all their trade agreements with the EU right? I imagine the EU will turn the screws on them? They have to form their own immigration policy? Hard to imagine how that'll look considering how this vote went and that the people who were Brexit supporters were anti-immigration. I think things in the UK will get a lot more expensive very soon. I don't know how pro Brexit people were able to say that leaving the EU is better for the UK economically. I don't see an economic advantage to increased cost of trading and more expensive imports. I'm not sure how they painted the employment aspect, but now they're kind of on their own and British manufacturing isn't what it used to be and I don't imagine this vote will grow that.
I believe the EU has to hold a vote now to approve the UK leaving. I don't think the whole thing is a done deal yet. Everything over there is already stupidly expensive.
One reaction could be import tariffs. These people want to make money off importing goods from a foreign entity to shore up their books right? If that happens, and I think its reasonable to think it may, prices of imports will go through the roof and the EU will respond in kind, putting import tariffs on UK goods, making their products unaffordable. The price of mince meat pies in Italy is about to go through the roof.
Ohhhh, yeah, so by telling them they should stay in because all sorts of bad shit will happen, he actually made them want to leave. Righto, gotcha. He's responsible for this mess. How about pointing fingers at the dumbfuck presidential candidate who encouraged them to leave before you start throwing shade at the President who rightly based on US interests encouraged them to stay. I know you don't like the dude, but that whole line of thinking is horseshit. "He's been briefed" in this context more accurately means "The adults in the room are currently trying to appear calm and formulate a decent response to mitigate the damage this is causing."
#1 I never said he's the reason they voted to leave, I never even implied it. #2 It was fucking stupid of him to even open his mouth about their internal affairs, much less threaten them that it'll be "5 or 10 years before we can negotiate a trade deal." Britain is our closest ally and dumb ass threatened them if they left the EU. Now as a country they've voted to leave. Now what?
That's like saying that if an adult tells a kid that their hand will get burned if they touch a hot stove, that they are threatening the kid.
Not quite. It's more like telling someone else's kid "If you put your hand against that hot stove you're going to get burned and then I'm going to take away all your toys for the next 5-10 years."
First off, by saying it was dumb of him to say anything you're saying it had some sort of effect on the outcome. That means implying he is partially responsible. And it wasn't stupid of him to open his mouth about their internal affairs. Their internal affairs have huge outcomes on the rest of the world. He would have been derelict in his role as President if he had failed to comment. The idea that he would just leave that alone is "fucking stupid." Are you saying he took the wrong position? You're letting your distaste for the guy make you myopic.
I didn't follow it closely beforehand. Why did the action come as such a shock, to send the markets into turmoil and encourage the PM to resign?
I can't even attempt to follow along with your reasoning here. I said he said something stupid when he should have kept his mouth shut. Britain would've voted leave regardless. I am in no way implying he caused the vote. I don't know how to make that any clearer or simpler for you. He threatened our closest ally with economic sanctions if they didn't vote the way he wanted them to. How can you fail to see that is something, as a statesman, that you do not do? He took a bad situation and made it worse. Again.
Political turmoil creates a lack of faith in government-sponsored and private investment vehicles due to risk of solvency. This creates ripple effect across different market sectors. Investors start selling their holdings, which decreases the value of securities, which then pushes the overall market down. Cameron didnt resign because of that, he resigned because he staked his claim in Britain staying in the EU and now thats not happening, he knows he will not be able to govern effectively for a vision that is in direct conflict with the popular vote. Thus, hes resigning. Other people have brought it up, but if the British government wanted to somehow override the ruling, Cameron couldnt do it. Queen Elizabeth technically could, however. She has the constitutional authority to completely dissolve Parliament and (I think) the authority to do so in all of its subjects like Canada, Australia, etc. If she were to do that, it would be complete anarchy in the UK in the most literal sense of the term, and the immediate end of the British monarchy.
Uh no, he's just saying what the consequences will be if they made that move. Just the consequences, no implication of punishment. Would you like to point out to me what punishment he is threatening on top of the consequences?
"'And on that matter, for example, I think it's fair to say that maybe some point down the line there might be a UK-US trade agreement, but it's not going to happen any time soon because our focus is in negotiating with a big bloc, the European Union, to get a trade agreement done. He added, 'The UK is going to be in the back of the queue.'"
I was pretty shocked by the news this morning and I'm still trying to process it many hours later. Firstly, I'm angry at those who voted against Scottish independence a year and a half ago. At the time the Yes campaign said "vote for an independent Scotland and never have our future decided by the English". Yesterday Scotland voted 63% in favour of remaining in the EU but have been dragged out of it by the rest of the UK. It makes me sad that so many sided with the fear and lies spread by the likes of the BBC. The disparity in yesterday's voting between Scotland and the rest of the UK has underlined to me the gulf in attitudes and is exactly the reason why the people of Scotland can only get the future they want through independence (and the rest of the UK would be more likely to get their way, too). Of course it now looks very likely there will be another referendum on Scottish independence and I imagine polls today would show a strong lead for Yes, even senior figures in the Labour party are alluding to a preference for independence. Nobody really wants to go through another independence campaign, but it's not going to happen any other way. Secondly, I'm currently living in Denmark with my Danish girlfriend. Whether we stay here or, as the plan was, move to the UK, it's an uncertain future. The leading party in Denmark are calling for an EU-exit referendum and Danish pensions, which are heavily invested in the UK, have lost 8% overnight. I've also lived and worked in three other EU states and have travelled to every country in Europe, if I hadn't had the freedom to travel, study and work abroad then my life would have been a different and intellectually poorer one.
Yes, that is the consequence, not a punishment. If you are in a slow line at a grocery store and you see another line moving faster so you move there, and then suddenly the other line moves faster, that is the consequence of your decision to move. The line isn't punishing you for moving.
Let's use this analogy instead: Say you're out with friends and contemplating doing something insanely stupid. Your friends tell you "You'll could go to jail if you do that." That is explaining the consequences of your actions. Now let's say as you further contemplate your act of stupidity, a cop comes up and tells you "If you do that, you will go to jail." You now have been threatened with jail by someone who has the power and authority to make sure you suffer the consequences. That's is the difference between an ordinary US citizen saying what Obama said and Obama himself actually saying it. Obama has the power and authority to make sure they suffer the consequences he predicted.
https://www.washingtonpost.com/news...hat-the-eu-is-hours-after-voting-to-leave-it/ Read that headline. I can't speak for the accuracy, but it does not surprise me. Really, I just find it funny. Here is a video from Good Morning Britain of the Brexit architect claiming the money going to the EU won't actually going to the NHS as he promised. Coupled with what I am assuming a lot of regretful voters like Angel shared, this is going to be a long stupid mess for England. Scotland, Wales, NI all are going to beign their own exit campaigns.