Alp Ozerdem, CESRAN Blog

A Very Sad Day for Europe: UK Opt to Leave European Union

0 258

brexitThe Brexit Referendum results – 51.9% for Leave and 48.1% to Remain – confirm the United Kingdom has decided to leave the European Union. Today’s results will have serious ramifications as the country enters a phase of protracted uncertainty.

The initial economic reaction is already grim, with markets deeply nervous about the future of the country outside the EU. Sterling has fallen to a three-decade low and is on track for its worst ever fall against the US dollar. The FTSE 100 was down by 8.3% within minutes of opening, wiping £137 billion of UK blue chip stocks.

Prime Minister David Cameron has announced his resignation, expecting to leave within months. Scotland’s 32 council areas all voted to remain, raising the prospect of it being taken out of the EU against its will and provoking calls for a second independence referendum for the country. In Northern Ireland, Deputy First Minister Martin McGuinness has called for a border poll on a united Ireland, destabilizing an already precarious peace process.

The campaign hinged on a web of hot-potato political and economic issues, with the Leave campaign focused on re-gaining sovereignty from the EU, immigration, employment and welfare. It presented a post-EU Britain with more independence and influence in the global order and tapped into the public’s deep seated dissatisfaction with the political classes, both in the UK and Europe. It promised that on all counts the UK would be better off out of the EU – now the country has the opportunity to test those claimschristmas inflatables.

For those committed to keeping the UK in Europe it is a sad day and relatively unexpected based on early expectations once polls closed. It is also a grim day for the EU, as the result will likely further destabilise a Union already weakened by the Mediterranean migration crisis, growing euro-skepticism in countries such as The Netherlands, Hungary and Greece, and persistent post-recession economic woes.

The future of the EU – a project of peace and security in post-war Europe unlike no other – is now in greater jeopardy than ever. For the UK, saying ‘goodbye’ to Europe will mean a ushering in a period of deep political instability and economic uncertainty, which will reverberate throughout the continent and beyond.


About the author / 


Leave a reply

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.


  • 25th Issue is Online Now!

    Vol. VI | No. IV – October-November-December 2020 To Download the Magazine Click Here… CONTENTS 05-13….. World News by Ebru Birinci 15-20….. The Jungle Grows Back How can We Redefine the Future World Order in the Tension of Power and Ideas? by Marco Marsili 22-29….. Interview With Professor Katharyne Mitchell by Ozgur Tufekci & Rahman…

  • 24th Issue is Online Now!

    Vol. VI | No. III – July-August-September 2020 To Download the Magazine Click Here… CONTENTS 05-14….. World News by Ebru Birinci 17-24….. Preparedness for an Uncertain Future “The Only Thing We Have to Fear is Fear Itself” by Professor Mark Meirowitz 25-39….. EU LAW vs UK LAW The Primacy of EU Law over National Law:…

  • IEPAS2020 is Going Virtual!

    Dear Friends and Colleagues, IEPAS2020 is Going Virtual! Due to the COVID19 pandemic, we are holding our entire conference virtually by streaming all of the live sessions. You may participate in all of our virtual networking events. In case of missing a session, you may get full access to the replays of every session since all…

  • The 13th issue of JCTS (Journal of Conflict Transformation & Security) is out now…

    The 13th issue of JCTS (Journal of Conflict Transformation & Security) is out now… Vol. 8 | No. 1 | 2020 Click here to Download the Entire Issue   TABLE OF CONTENTS Editor’s Note By David Curran Introduction By Nergis Canefe Research Articles Statelessness as a Permanent State: Challenges to the Human Security Paradigm By…

  • The 19th Issue of The Rest: Journal of Politics and Development is Out Now!

    The 19th issue of the rest: journal of politics and development is out now. Download the issue here… TABLE OF CONTENTS Research Articles Turkish AK Parti’s Posture towards the 2003 War in Iraq: The Impact of Religion amid Security Concerns By Alberto Gasparetto Nigeria and the Great Powers: The Impacts of the Boko Haram Terrorism on…

  • CESRAN International Named again amongst the Top Think Tanks in the World

    CESRAN International is pleased to announce that it has been named again amongst the world’s best think tanks. The 2019 Global Go To Think Tank Index ranked CESRAN International 141st among the World’s “Top Think Tanks in Western Europe” 75th among the World’s “Top Environment Policy Think Tanks” 153rd among the World’s “Top Foreign Policy…