Sunday, February 28, 2016

The real danger of Brexit

According to betting markets in Britain, the odds of them leaving the European Union (EU) are 2 to 1. Recent polls also suggest that about half of the voters are split on the decision. Many believe that it is possible to see Britain exit the EU within the next four months. Britain's exit from the EU would have a significant impact on the world economy in the short run and the long run. The exit would be a devastating blow to already struggling European economy, and would have a significant impact on the West. The move would not only disunite the EU, but would also weaken relations with the West, "who rely heavily on the balancing forces of America and Europe."

The case for Brexit (Britain's exit) is that Europe is slowing them down, and many believe that they could succeed as an open economy, while still trading with the EU and the rest of the world. Brexit would allow for new deals to be made with important countries such as China, India, and the United States and would increase their budget in the coming years.

Debate topics for Brexit:



Many believe that while Brexit could be beneficial in theory, it would not work out in practice. Britain's exit could lead to the EU imposing harsher penalties for others who wish to exit. Brexit supporters claim that the EU is more dependent on Britain than the other way around. The EU currently takes around half of Britains' exports, whereas Britain takes less than 10% of the EU's exports, dismissing the Brexit supporter's claims of dependence.

Finally, the EU plays an important role in the West's foreign and security policy, and Britain's exit would have serious implications. Without Britain the EU will not be able to pull their "global weight" which would be a big issue for the West. It will be interesting to see what Britain does in the coming months as it could have serious implications for the global economy.

No comments:

Post a Comment