● Why did 52% of the people vote? ○ Largely a protest vote. ■ People get angry, and heated and demand change, “give me something to vote on and change”. ■ At least 20% of people probably voted like this. ■ Anti establishment vote. ● Hours after the referendum the #1 google search result was “what is the EU” What are the Immediate Effects? ● The pound plunged to a 33 year low. ● Stalk markets around the world have declined. ○ Stalk market “volatility” ● Significant surfacing of racist material and hate speech. ○ Serving to further divide britain. ● Prime Minister Cameron is stepping down. ○ Originally said he was stepping down and would place a new leader by october, but changed by September 2nd.
● “Invoke article 50 of the ○ Claus said that all the countries have the right to Step out of the EU” ● No longer EU3: ○ Used to be the biggest economies and political institutions: ■ France, Germany, Britain ○ New EU3: ■ France, Germany, Italy ■ Leaders already got together and decided not to do anything until britain deals with it. ● Currency fluctuation and Stock market Volatility can be caused by billionaires, don't read too much into it.
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- Spring '08
- European Union, EU countries, EU laws, EU’s success