He didn't have much choice.
I think the whole thing will widen the divide between left and right. It was already fairly vicious throughout the campaign.
As for the markets, lest we forget:
Bird flu
Boomers all retiring at once
GFC
Ebola
Swine flu.
Greece
Spain
Russia
Etc
It's all happened before and each event is always "the end as we know it"
Great time to trade volatility.
The Netherlands will be next.
Agree, Denmark and The Netherlands will not be far behind.The Netherlands will be next.
One thing that worries me more than a few $Billion or $Trillion up or down on global markets: The resurgence of right-wing Nationalist xenophobia. That is likely to spread through other countries, be it in the EU, Trump's USofA, or Australia. The result would be even more Big Government, closed borders, and increased snooping into people's privacy.
Fintan O’Toole: Brexit fantasy is about to come crashing down
Brexit vote reveals rancour and distrust at the heart of the English body politic
Sat, Jun 25, 2016, 00:01 Updated: Sat, Jun 25, 2016, 08:40
Fintan O'Toole
Did you ever see a slightly drunk man trying that trick with the tablecloth? He thinks he can whip the cloth off the table with a fast, clean snap, but leave all the crockery perfectly intact. He gives a sharp tug and stands back with a triumphant flourish as the plates and glasses come flying to the ground and shatter all around him.
That’s what Brexit is like. Those who have driven it have successfully pulled the cloth off the table – the underlying fabric of modern Britain has been whipped away with a shocking suddenness.
They stand in triumph, sure that they have pulled off the trick of removing a whole layer of political reality without disturbing all the family tableware. They have yet to notice that so much that was on the table is now at their feet, broken, perhaps irreparably.
Brexit has achieved the breathtaking feat of causing deep cracks in four different polities at a single stroke.
One thing that worries me more than a few $Billion or $Trillion up or down on global markets: The resurgence of right-wing Nationalist xenophobia. That is likely to spread through other countries, be it in the EU, Trump's USofA, or Australia. The result would be even more Big Government, closed borders, and increased snooping into people's privacy.
Agree moXJO. Several months ago I posted to the same effect, with the left pushing its luck, expect the resurgence of the neonazi right.
Moderate Europeans fear this as much as they fear the Islamification of their culture, but also they feel pushed further right as a reaction to the excesses of the left.
Agree moXJO. Several months ago I posted to the same effect, with the left pushing its luck, expect the resurgence of the neonazi right
Moderate Europeans fear this as much as they fear the Islamification of their culture, but also they feel pushed further right as a reaction to the excesses of the left.
Brexit hardball: the European Union will treat Britain like Greece
Date
June 27, 2016 - 5:25PM
794 reading now
Matthew Holehouse
German Chancellor says Britain's decision to exit the European Union is a watershed moment, but warns against hasty reactions.
Brussels: I arrived in Brussels as the Daily Telegraph's correspondent in early June 2015. A fortnight later, Alexis Tsipras snubbed Brussels, and called a referendum on the third bailout that was designed to save the eurozone from collapse.
The terms he was later given - €50 billion ($74.2 billion) of assets sold and a de facto control of economic policy surrendered - were so harsh they were later denounced as a "coup".
It taught me two things: that in the cause of its salvation the European Union can be profoundly flexible and exceptionally brutal, and that events can swiftly take a momentum that is hard to control.
Nothing of that experience gives me hope for the years that now await our country.
Another sobering look at what appears likely to happen to Britain over Brexit.
If the analysis is correct England will be totally xcrewed.
http://www.smh.com.au/world/brexit-...reat-britain-like-greece-20160627-gpsm67.html
Despite Brexit, Britain will always be part of Europe - June 27, 2016
Boris Johnson - SMH: http://www.smh.com.au/comment/despi...-of-europe-20160626-gpsh9v.html#ixzz4CpS4foGL
Boris Johnson is former Mayor of London, Conservative Party MP and was a leading spokesman for the 'Leave' campaign.
...The only change – and it will not come in any great rush – is that Britain will extricate itself from the EU's extraordinary and opaque system of legislation: the vast and growing corpus of law enacted by a European Court of Justice from which there can be no appeal...
...Yes, the government will be able to take back democratic control of immigration policy, with a balanced and humane points-based system to suit the needs of business and industry.
Yes, there will be a substantial sum of money which we will no longer send to Brussels, but which could be used on priorities such as the NHS...
...We heard the voices of millions of the forgotten people, who have seen no real increase in their incomes, while FTSE-100 chiefs now earn 150 times the average pay of their employees...
...But they were also speaking up for democracy, and the verdict of history will be that the British people got it right.
Telegraph, London
Spot on Boris!
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