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Commentary and Analysis

Brexit: A senseless vote

Brexit: A senseless vote -  CO.EUR.

British citizens voted to leave the European Union on June 23, with 51.9 percent of voters choosing to exit. Migration was the cornerstone of the Leave campaign, which objected to the European Union’s insistence on the free movement of  labor, capital, goods and services.

The results of the referendum have ushered in greater political uncertainty, a heightened sense of financial market risk and deep division in British society. Campaigners for British withdrawal made audacious promises.  Now that they won it seems that they don’t know what to do.

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EU: Union without power

EU: Union without power -  CO.EUR.

The European Union has been the most extraordinary experiment in the history of political institutions. For the first time huge numbers of people from  nations stretching from Scandinavia to Portugal  have come together to form a bigger society without anyone using force to make them to do so. For more than 60 years after its beginnings in the late 1940s,  the European Union's revolutionary path of state formation without centralized coercive power gradually mastered its members'  local strategic interests. From Ireland to Estonia, most Europeans began sharing a single currency and central bank, accepting rulings from a European court and parliament, and crossing borders without passports.

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Immigration: A turning point for Europe

Immigration: A turning point for Europe -  CO.EUR.

Europe has seen a surge in migration, mainly due to the  increased number of people from  Syria, Iraq and Afghanistan who made the journey thorough Greece and the Balkans. This has led to political problems both within and between countries and has undermined  existing EU immigration agreements that are unlikely to survive in their current form.  If the  first approach to the problem was centered on how accommodate the influx of refugees then  the focus has shifted to stemming that flow and restricting entry.

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Brexit: Should the UK leave the EU or not?

Brexit: Should the UK leave the EU or not? -  CO.EUR.

Should the United Kingdom remain a member of the European Union or leave the European Union? The question will be put to British voters on  June 23  2016. Those in favour of  Brexit, a term coined to describe a potential British exit from the European Union,  argue that Britain would save billions in membership fees, regain full control of its borders  and free small- and medium-sized businesses from restrictive EU laws. Others say the consequences could be catastrophic, with a huge economic fallout: Brexit  could see the UK economy lose more than two percent of its total GDP by 2030.

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