And then there were 27…

Hola,

If you haven’t heard already, the UK has voted to leave the European Union!!! There were just as many reasons to stay in the EU as there were to leave, this can be best illustrated by the results themselves with 48.1% (16,141,241) voting to stay and 51.9% (17,410,742) voting to leave the EU. Is that a good thing? Is it a bad thing? The answer is: we don’t know yet.

Things to know about the Brexit:

  • First, what Brexit means. Brexit is the term that has come to be known as Britain’s Exit from the EU.
  • One must keep in mind that when we are talking about Britain exiting the EU we mean England, Wales, Scotland, and Northern Ireland
  • Not all of the UK voted to leave. Scotland was very adamant in saying that it wanted to remain in the EU.
  • The UK won’t be leaving tomorrow or the day after that, in fact it probably wont be leaving until 2 years or so since there are so many negotiations that need to take place before hand, both informal and formal.
  • No one really knows how to go about the negotiations. This is the first time any country has left the EU.
  • The UK was/is 1 of 28 other countries that make up the EU.

One of the main reasons why those in favor of leaving the EU wanted to leave in the first place was because they claimed that the EU was holding Britain back from reaching its full potential in regards to business and economics.  There are many arguments in saying that the EU was holding Britain back, and there are even more arguments in discussing if leaving was the best alternative. No one really knows what will happen in the near future, and the far future is an even more puzzling question that most heads of state rather avoid. The irony in this is that the EU started off as an Economic Community in order to safeguard each nations economies.

What do Spaniards have to say about the Brexit? Well in truth it seems the general public doesn’t really have an opinion about it, but then again the general public doesn’t have billions of euros invested in the UK as does fashion giant Inditex, telecoms behemoth Telefónica, global energy firm Iberdrola, and construction company Ferrovial, alongside banks, Santander and Sabadell. Even more the general public has their own elections to worry about as their elections for Prime Minister.

Back in December, when the voting was originally casted, no party was able to get the majority vote and so it was postponed for a second round of voting that is happening today June 26, 2016. What the results will be, no one knows, but then again we didn’t know what the UK would vote on the Brexit either, so we’ll wait and most likely be shocked by the outcomes regardless who wins.

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