Brexit is real – Great Britain leaves European Union

Brexit became a reality. 51.9 percent of Britons chose to vote for leaving the UK from the European Union. Financial markets plummet.

Brexit became a reality. 51.9 percent of Britons chose to vote for leaving the UK from the European Union – according to final results published by the electoral commission on Friday morning. 48.1 percent voters voted for staying in the EU with the total turnout of 72.2 percent of people eligible for voting.

“The will of the British people is an instruction that must be respected” – British Prime Minister David Cameron commented on the results of the referendum. He also announced that he will resign after three months.

Over 17.4 million people voted for Brexit, and 16.1 million people voted for staying in the EU – committee of electoral commision clarified. England and Wales were in favor of leaving the European Union as oppose to Scotland and Ireland who opted to stay in EU.

Global Financial Markets Shudder

The pound fell as much as 10 percent against the dollar to touch levels last seen in 1985. It is because investors fear that the decision could hit investment in the world’s fifth-largest economy and threaten London’s role as a global financial capital and usher in months of political uncertainty.

World stocks headed for one of the biggest slumps on record, and billions of dollars were wiped off the value of European companies. Britain’s big banks took a $130 billion battering, with Lloyds and Barclays falling as much as 30 percent at the opening of trade.

World’s leaders’ opinions on Brexit

“It looks like a sad day for Europe and Britain,” said German foreign minister Frank-Walter Steinmeier.

“Please tell me I’m still sleeping and this is all just a bad nightmare!” former Finnish Prime Minister Alexander Stubb tweeted.

World leaders including Obama, Chinese President Xi Jinping, German Chancellor Angela Merkel, NATO and Commonwealth governments had all urged a “Remain” vote, saying Britain would be stronger and more influential in the EU than outside.

On the other hand, the result of referendum emboldened eurosceptics in other member states.

French National Front leader Marine Le Pen called for a similar referendum in France and changed her Twitter profile picture to a Union Jack and declared “Victory for freedom!”

Dutch far right leader Geert Wilders, also demanding a referendum, said: “We want be in charge of our own country, our own money, our own borders, and our own immigration policy.”

View of Poland on Brexit

President of Poland Andrzej Duda during today’s morning press conference said that: “[…] this is the will of British society, it must be respected. I want to express my respect to the Prime Minister Cameron, that he decided to announce a referendum. It is also bright and clear signal for EU leaders: first, that in this situation we need to preserve the unity and cohesion, secondly, to do everything to avoid a domino effect. And here is one important issue: why the British have taken such a decision? Is not it so that the European Union imposes too many [regulation] on member states? Isn’t so that the citizens feel that they have no right to comment on their important matters? – said the President.

He also stated that: “I have no doubt that the British are our friends. We belong to the same cultural circle and we are one Europe. We want to maintain the closest possible ties with Britain. It has always been our ally and I believe that the outcome of the referendum will not change anything [in that regard]” – said the President.

(AG)

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