The United Kingdom is leaving the European Union, what will happen?

Ouch, it did not last..

Easy there gents, no need to cancel memberships or get in a tizzy.
Cool down and talk boats and bikini girls or something.
Politics and religion are best discussed face to face or not at all.

All the hysteria aside, Brexit is not about the economy. The motivation behind it's passing is cultural. It's about immigration and open borders. Europe is collapsing before our eyes as a result. It's the end of the EU. The only question is who's next.

What about the Greeks?
I thought they were unhappy with the EU and the Euro as well as in deep
Doo-doo financially, although it has been quiet lately.

I believe the answer is fairly simple, since the end of WW II the Western economies have expanded and grown and a high rate, providing amazing amounts of income and wealth for Governments, on the backs of citizens, this allowed the Gov's to expand programs in order to get re elcted and continue feeding at the taxpayers trough and also looking good to the world because they are so concened about their fellow man ,the environment, outer space ete etc. finally, a tipping point has arrived for one major economy and the others do realize that maybe the jig is up so to speak. Trying to borrow your way to prosperity is like standing on a bucket of concrete and trying to pick it up. The world leaders should pay very very serious attenetion to the laws and finances of their economies and realize how sensitive to serious upset they are.
My 2c

Greece is in debtors prison with Germany for eternity . Greece will never be able to pay pack what it owes and should become a commonwealth of Germany as long as it doesn't drag Germany down the drain. Of course , hypothetical thinking from a ill informed American .

Regulation is what bureaucrats do, it is the only thing they do. It is what feeds them and breeds them. Reducing regulatory momentum is to them like not being able to breathe. They would die without the ability to regulate something, anything.

They only regulate what the corporate boards allow and that permission now extends almost exclusively to areas which can be funded from the pockets of the shrinking middle classes.

I see the Brexit as the people finally rebelling against the government of "by and for" corporations and banks.

Banks and Corporations usually demand less regulation, unless the UK and EU are diffent than the USA.

This from a comedy show written in 1980.

Due to aprevious post by one of our memers I thought this may be appropriate to show he is of a group that is alive and well .He is very familar with this area.

Vancouver Island Marmots were once near extinction, but thanks to a captive breeding program that number is now near 300 and this forum has one of them..

The UK joined the EC (sometimes rendered EEC) in '73. The EU wasn't formed until '93-ish following the '92 Maastricht Treaty.

That might not seem like a major difference, but my life in the UK in the mid-'70s -- or for that matter in Germany in the early '80s -- seems not at all like visits to the EU today.

-Chris

- On the one hand I guess Great Britain opened Pandora´s box. Great Britain will no longer be Great Britain: First the rating agencies will remove the "Great", then Scottland and Northern Ireland might consider to leave the Union Jack and prefer to be EU members. That most probably might start the Belfast troubles again, allmost forgotten for years except from the processions by the Ulster guys. Most certainly the Brits will experience exciting times politically and economically in the future.
It´s even possible that the EU really make Great Britain feel the pain for that decision to scare others off from choosing the same route.

- On the other hand it´s a good reason and opportunity for the EU to redefine and evaluate itself. There definitelly are some serious problems in the EU concept today and the Euro has some serious design failures as well. But the Euro is not the EU and cutting back Bruxelles power over EU nations toghether with more democtratic and transparent structures within the EU administration might benefit the public satisfaction with the EU. Many people consider the EU administration as the backdoor for lobbyism into national legislation and this confrontation with the resulting dissatisfaction could hopefully lead to a few important reforms.

While the British allways had a special relationship towards the EU concept that was largely based on picking the raisins from the cake this votum is certainly a challenge for Great Britain and the EU but can also become an opportunity for some reasonable reforms.

I fear that this is the probable route not the possible one as to try and keep other dissenters inline the remaining EU members need to make the UK's exit as publicly painful as possible.

Yes, sadly, it may turn nasty to deter others from leaving. There are quite a few countries that are almost 50/50 to leave in a vote.

If only the EU had stayed as an economic trading bloc, hey let's call it something like the EEC, people would have been happy. Forcing a diverse population into a Federal Europe without asking anyone's views, outside a handful of politicians no one has ever heard of sitting in Brussels, was just down right arrogance of the first order.

The European dream is curling-up and dying like injured roadkill in the sun. No one will come out of this smelling of roses, but Britain, as a top 5 economic power, will be very well placed to be nimble in a fast moving world.

It should not be taken as a given that Ireland will in fact remain in the EU, we are currently cursed with a weak and ineffectual Prime minister (taoiseach) and finance minister, each day prior and post brexit there is more discontent airing in the national press.
Below is a quotation (unedited) from this mornings Irish Examiner:-

Now, in the wake of the Brexit result and a week of tumult on the markets and in political circles, focus is now shifting to what happens to us once Britain leaves.

Kenny was before the Oireachtas Finance Committee on Thursday and Brexit was top of the agenda.

At the committee, Kenny appeared to contradict previous comments by his chief whip, Regina Doherty, and MEP Brian Hayes, that Ireland would leave the EU, were we to lose control of our corporation tax rates.

Asked by Pearse Doherty if he agreed with his party colleagues, Kenny was clear: “Certainly not. We will not leave the European Union,” he said.

He added that tax policies remained in the control of national governments.

Hayes said such a move would be a red-line issue for Ireland. “That is the absolute red-line issue. Any attempt made to cajole us [on corporation tax], as far as I’m concerned, we’re out the door,” Hayes said.

So, while Mr Kenny is insisting that remaining in the EU is the best course for Ireland, Hayes and Calleary are correct to cast doubt on that.

Make no mistake, if they feel it is in their interest, France and Germany will not think twice and squash us like a bug, just like they did in 2008 and in 2010.

And with our closest neighbour now gone from the table, we stand more isolated than ever before. In a Europe that has become increasingly a club for the big boys, Ireland’s fate is now far less certain than before.

Should I save my Euros for something other than an application for an Irish Passport then? I have just about got all the required papers together now.

i would ALWAYS have an Irish passport even though i am entitled to dual citizenship, Its in the top 5 no hassel anywhere in the world passports.