Will Britain exit the EU?

[JOE]

...In what's been called the UK's possible 'Brexit' from the EU, its citizens are in for some major changes should this come about.



British Prime Minister David Cameron has said, it could trigger another World War:



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David Cameron will plead for Britain to stay in the EU and help prevent the Continent being ripped apart by another conflict.



Mr Cameron will highlight the UK's role in bringing peace to Europe as he hits the referendum campaign trail.



Both the Prime Minister and his Brexit -backing Tory rival Boris Johnson make speeches this morning in the countdown to the June 23 vote.



Mr Cameron will refer to Britain's role in "pivotal moments in European history]

What do you think? Will Britain choose to stay, or leave the EU?



Latest Poll results: https://ig.ft.com/sites/brexit-polling/">https://ig.ft.com/sites/brexit-polling/

[Anonymous]

My guess is Brits will vote to stay.

[Anonymous]

If I was British, I would vote to exit the EU.

[easter bunny]

British Prime Minister David Cameron has said, it could trigger another World War:

 ac_wot



What an absolutely despicable thing to say. Talk about fear mongering. That's just over the top.



If he really said that he should go to prison.  

[Anonymous]

British Prime Minister David Cameron has said, it could trigger another World War:

 ac_wot



What an absolutely despicable thing to say. Talk about fear mongering. That's just over the top.



If he really said that he should go to prison.  

It is stupid scaremongering. I don`t know about sending him to the can, but he needs a kick in the ass.

[easter bunny]

It's such an audacious lie, I just can't help it. The EU and its stupid policies is what caused the rise of the right wing nutters in the first place. And Cameron knows that war is pretty much a done deal now. So to pass the blame to the very people who want to stop it from happening is prison worthy imo.

[cc]

The govt is using scare tactics and its endless string of money to try to beat it



Reminiscent of the stuff the Canadian govt & its endless purse did for "Quexit"



I think Cam should be sent to the islamic wing (usually quite large and well decked out) of any prison in Britain ... there he can use the salesmanship that got him into office to "sell" why his pale ass should live to see tomorrow

[Anonymous]

Even president Obama waded into this I believe.

[Anonymous]

Even president Obama waded into this I believe.

Yes, he did. Cameron is getting desperate and called in a pinch hitter from across the pond.

[Anonymous]

If British voters did vote in favour of withdrawing from the EU, will that likely mean the end of the EU, at least in it's current arrangement?

[JOE]

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British Prime Minister Harold Wison, left, sits in a room of the the Elysee Palace in Paris, France with French President Charles de Gaulle. Later that year, de Gaulle would veto Britain's efforts to join the-then European Economic Community. It was only after de Gaulle's death that Britain eventually joined the EEC in 1973. Britain holds a vote on June 23, 2016 to decide whether to stay in the European Union.

In half a dozen weeks, the British could be fulfilling that prediction when they vote on whether to leave the European Union, a move that would be the biggest reverse in the bloc's near 60-year existence and a threat to its economy.



A vote for a British exit from the EU — so-called Brexit — on June 23 would likely trigger turmoil in financial markets and uncertainty for businesses, jolting the region's economy. The real damage may take longer to emerge. The fear in continental Europe is that the U.K.'s departure could prompt other countries to seek changes to their EU membership. In a worst-case scenario, it could usher in a new era of nationalism that diminishes the drive to strengthen economic ties and undermines the EU's core purposes: the freedom to trade and move between countries.



"It could be another torpedo in the ship of the EU," said Jan Bryson, global economist at Wells Fargo Bank. "Brexit could set a precedent and it could raise questions about the future of the EU itself."



As far ago as 1963 De Gaulle warned the other five founding members of the bloc that Britain's culture was too different to be interested in long-term integration. He had first-hand knowledge of Britain, having spent most of World War II in London organizing the French resistance.



"Non," he said in 1963, and again four years later, to Britain's attempt to join. The country eventually joined in 1973, after de Gaulle resigned in 1969. The immediate aftermath of a British vote to leave the EU — which bookies give a 30 percent chance, against 70 percent for the "in" vote to win — would likely see huge volatility in financial markets.



Many forecasters predict the British pound would fall as much as 20 percent in the following days. Worries over the vote have already seen the pound drop this year to a seven-year low against the dollar. Though a weaker pound may help Britain's exporters, it would hurt European firms exporting to Britain.



The instability would discourage businesses from investing or hiring. Surveys of companies have already shown some executives, mainly in Britain but also the eurozone, becoming more cautious in the run-up to the vote.



The uncertainty could last a while. It would take at least two years for Britain to leave the EU. Renegotiating its commercial relationship with the bloc will likely take many years more. The Organization for Economic Cooperation and Development estimates that a Brexit vote will shave around 1 percentage point off the EU economy by 2020. That's a lot for an economy that's barely grown over the last few years and in 2015 expanded by only 1.9 percent.



The International Monetary Fund considers Brexit to be one of the main risks facing not just Europe, but the global economy, as it would disrupt trade. Britain exported around 223 billion pounds ($325 billion) worth of goods and services to the other 27 EU countries last year, and imported around 291 billion. British exports to the EU account for about 45 percent of the total, while imports are a little bit more than 50 percent.



There are certain economies within the EU that would be hurt more than others. Neighboring Ireland, above all, but also Belgium, the Netherlands and Germany have strong commercial ties with Britain. The longer-term damage, which is hard to quantify, could come from the disruption that a British departure causes to Europe's integration drive.



For years, EU states have sought to get closer. They created the single market, which effectively abolished borders between member states, and created the euro currency, now used by 19 EU countries. But the global financial crisis of 2008 — which morphed into a debt crisis for the eurozone — and the EU's trouble handling the migrants' crisis have emboldened a wave of populist political forces across Europe.



In eastern Europe, countries like Hungary and Poland have become more skeptical of the EU. In France, the hard-right Front National has gained ground while in Germany, the anti-immigration Alternative for Germany (AfD) is more popular than ever.



There's concern that a vote for Brexit could generate more support for such parties, many of which want to leave the EU outright. Already, the migrants' crisis has prompted a watering-down of the Schengen Agreement, which has allowed more than 400 million Europeans to travel hassle-free between 26 European countries — though not Britain — for business or travel.



Any political fallout from a Brexit could really start playing out in 2017, when there are elections in France and Germany, among other countries. Colin Ellis, a managing director at ratings agency Moody's, said a Brexit could "fan the flames of political disquiet elsewhere."



Ellis thinks the EU would lose momentum in other ways as Britain is one of the most dynamic and open economies in Europe and its continued membership would help promote policies that would improve the bloc's economy, such as reforming labor markets.

[cc]

If British voters did vote in favour of withdrawing from the EU, will that likely mean the end of the EU, at least in it's current arrangement?

Not the end per se, but would set it back a lot ... maybe enough to ultimately  head the EU toward its end



Many other countries are vying with political upstarts who would reverse vital  policies  and could take it apart



It is not really a strong alliance at heart being based mostly on interdependence

[easter bunny]

The UK is the preferred destination for most migrants. The social safety net there is being overwhelmed by foreigners. The prisons are filling up with members of a certain religion that we can't mention.    And the citizens are sick of it.

[cc]

The suicidal immigration thing likely has put the EU on a course for dissolution



Whatever UK does now will not change the final outcome ... but its leaving would accelerate the inevitable  I suppose

[easter bunny]

The suicidal immigration thing likely has put the EU on a course for dissolution



Whatever UK does now will not change the final outcome ... but its leaving would accelerate the inevitable  I suppose

With nowhere to go the migrants will just wander around aimlessly for a while and eventually go home.



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