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The Pros And Cons Of Brexit From The European Union

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Recently we have all become aware of the fact that Brexit has come as a shock to everybody. This unprecedented event caused turbulences both in the UK and in the EU because of it’s political and economical magnitude. As always, a lot of questions related to this topic have invaded newspapers and informative TV programs all over the world asking : “ Is the EU sinking or is it keeping afloat despite UK’s suddenly decision to leave?”. This will only depend on the how both of them manage to keep their sovereignty and succesfull coexist. Ever since the UK was allowed into European Economic Community under Conservative Prime Minister Edward Heath in 1973, there have been doubts according the effects of the decision on the British development. Therefore, …show more content…

Because of the uncertainty created by the “Brexit” referendum, which, in the Parliament’s view, could potentially be harmful to the EU’s interests, the Parliament urged the British Prime Minister to issue a formal notification to the Council of the EU in order to initiate withdrawal negotiations. The Parliament added that if the UK wanted to negotiate a different type of relationship with the EU, the discussions must take place after the withdrawal agreement is signed. In an effort to avoid disruption of the everyday operations of the EU, the Parliament urged the Council to cancel the scheduled UK presidency, which was to begin in the second half of 2017. On June 29, the 27 heads of state and governments that compose the European Council, except for the UK representative and the Presidents of the European Council and the European Commission, held an informal meeting in Brussels to discuss the political consequences of the UK referendum. They issued a joint statement expressing their deep regret over the results of the referendum, but added that they respect the will of the majority of the British people. They also emphasized that “until the UK leaves the EU, EU law continues to apply to and within the UK, both when it comes to rights and

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