Potential Consequences of Brexit on the UK and Europe
Brexit, if executed, could significantly weaken both the UK and Europe, impacting their economies and global influence. The British decision to leave the EU in 2016 has raised concerns about the EU's future and potential repercussions on trade and politics. The withdrawal could lead to a prolonged recession in the UK and the loss of vital allies within the EU, highlighting the complex challenges ahead.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Brexit would gravely Brexit would gravely weaken both UK and weaken both UK and Europe Europe
A British vote to leave the EU A British vote to leave the EU would gravely weaken would gravely weaken Europe and could indicate the Europe and could indicate the end of the continent s end of the continent s influence as a global influence as a global superpower. superpower.
A British decision to exit in A British decision to exit in the vote, which was held in the vote, which was held in June 2016, would mean that June 2016, would mean that the EU would lose its fastest the EU would lose its fastest growing economy, and one of growing economy, and one of its two nuclear powers. its two nuclear powers.
Brexit, could have serious economic and political consequences for both the UK and the rest of the EU.
It should be expected that It should be expected that the European elections in the European elections in 2019 will not be held in the 2019 will not be held in the UK and that the next UK and that the next European Parliament will not European Parliament will not contain British MEPs. contain British MEPs.
Some of the UKs closest allies Some of the UK s closest allies in the EU, such as Sweden in the EU, such as Sweden and Denmark, were and Denmark, were particularly concerned about particularly concerned about the economic consequences the economic consequences of Brexit. of Brexit.
As many analysts have As many analysts have suggested, the first suggested, the first result of leaving the EU result of leaving the EU would be a prolonged would be a prolonged British recession. British recession.
A Brexit also poses major risks for the UK s financial sector. Over the next 15-20 years, the balance of economic and geopolitical power in the world is likely to change significantly.
Mnangagwa Mnangagwa sworn in as sworn in as president of president of Zimbabwe Zimbabwe
Emmerson Mnangagwa was Emmerson Mnangagwa was officially sworn in as president of officially sworn in as president of Zimbabwe on Sunday after Zimbabwe on Sunday after winning an election that marked winning an election that marked the country s first vote since the country s first vote since strongman Robert Mugabe was strongman Robert Mugabe was ousted from power. ousted from power.
Mnangagwa, whose victory in the Mnangagwa, whose victory in the July 30 elections was challenged by July 30 elections was challenged by the main opposition, pledged to the main opposition, pledged to protect and promote the rights of protect and promote the rights of Zimbabweans in an inauguration Zimbabweans in an inauguration ceremony attended by thousands of ceremony attended by thousands of supporters in Harare. supporters in Harare.
Since independence from Britain in Since independence from Britain in 1980, Zimbabwe has known only 1980, Zimbabwe has known only two presidents two presidents Mugabe, who ruled for 37 years, and Mnangagwa. ruled for 37 years, and Mnangagwa. Mnangagwa was appointed after Mnangagwa was appointed after Mugabe was forced out by the Mugabe was forced out by the military in November last year. military in November last year. Mugabe, who
Zimbabwe's economy Zimbabwe's economy collapsed under Mugabe's collapsed under Mugabe's rule, and many hope rule, and many hope Mnangagwa will push Mnangagwa will push through reforms to revive through reforms to revive investment. investment.
Unemployment is over Unemployment is over 90 percent. Rebuilding a 90 percent. Rebuilding a ruined economy will be ruined economy will be at the top of the agenda at the top of the agenda for the new president. for the new president.
EU member states to meet in mid- November to finalise Brexit deal
European Council president Donald European Council president Donald Tusk will propose an additional summit Tusk will propose an additional summit around mid around mid- - November to ensure an November to ensure an agreement is reached and that the UK agreement is reached and that the UK and EU avoid a no deal scenario, saying and EU avoid a no deal scenario, saying today that there is less and less time today that there is less and less time to conclude negotiations. to conclude negotiations.
Sources say a final deal was Sources say a final deal was not presented to the cabinet not presented to the cabinet but that ministers agreed but that ministers agreed they want a deal to be done they want a deal to be done this month and they could this month and they could meet again later this week. meet again later this week.
The UK is due to leave The UK is due to leave the EU on 29 March but the EU on 29 March but the two sides have not the two sides have not yet agreed on the terms yet agreed on the terms of its departure. of its departure.
The deal will protect jobs, The deal will protect jobs, national security, business national security, business across the UK and will aid a across the UK and will aid a productive future productive future relationship with the EU. relationship with the EU.
With investment slowing and With investment slowing and time running out, politicians time running out, politicians had to get on with the job of had to get on with the job of agreeing a deal that would agreeing a deal that would put an end to uncertainty. put an end to uncertainty.
The UK and EU have agreed in The UK and EU have agreed in principle the framework for principle the framework for their future relations their future relations outlining how UK outlining how UK- -EU trade, security and other issues security and other issues would work. would work. EU trade,
European Council European Council president Tusk president Tusk plans to call Brexit plans to call Brexit summit in summit in November November
SALZBURG, Austria, Sept.19: SALZBURG, Austria, Sept.19: European Council President European Council President Donald Tusk on Wednesday Donald Tusk on Wednesday said he would call a special said he would call a special Brexit summit to reach a deal Brexit summit to reach a deal with Britain. with Britain.
Tusk told reporters that the Tusk told reporters that the Brexit negotiations are entering Brexit negotiations are entering their crucial phase, he is to call a their crucial phase, he is to call a Brexit summit of EU member Brexit summit of EU member states' leaders around mid states' leaders around mid- - November, seeking to reach a November, seeking to reach a deal with Britain. deal with Britain.
His remarks were made before His remarks were made before the EU summit in Salzburg in the EU summit in Salzburg in Austria. "The Brexit negotiations Austria. "The Brexit negotiations are entering their decisive phase. are entering their decisive phase. Various scenarios are still Various scenarios are still possible today," he said. possible today," he said.
Tusk stressed the UKs readiness Tusk stressed the UK s readiness to work closely with the EU on to work closely with the EU on security and foreign policy after security and foreign policy after Brexit. Today there is perhaps Brexit. Today there is perhaps more hope but there is surely more hope but there is surely less and less time, Tusk added. less and less time, Tusk added.
Let me say to our British friends: as Let me say to our British friends: as much as I am sad to see you leave, I will much as I am sad to see you leave, I will do everything to make this farewell the do everything to make this farewell the least painful possible, both for you and least painful possible, both for you and for us, Tusk said. The United Kingdom for us, Tusk said. The United Kingdom is scheduled to leave the European is scheduled to leave the European Union on March 29th, 2019. Union on March 29th, 2019.
France Calls for New Global Coalition of 'Goodwill Powers'
France's leaders proposed a new France's leaders proposed a new alliance of "goodwill powers" on Friday alliance of "goodwill powers" on Friday in an attempt to revive global in an attempt to revive global diplomacy that they say is being diplomacy that they say is being threatened by the United States, Russia threatened by the United States, Russia and other countries that favor and other countries that favor unilateralism over cooperation. unilateralism over cooperation.
The proposal builds on French The proposal builds on French President Emmanuel Macron's President Emmanuel Macron's recent calls for greater global recent calls for greater global cooperation, including a Tuesday cooperation, including a Tuesday speech at the annual meeting of speech at the annual meeting of the United Nations General the United Nations General Assembly in New York. Assembly in New York.
Macron Macron criticised criticised nationalism and self and self- -interest in his speech, interest in his speech, which followed shortly after U.S. which followed shortly after U.S. President Donald Trump gave his President Donald Trump gave his own address defending own address defending nationalism. nationalism. nationalism
French Foreign Affairs Minister Jean-Yves Le Drian listed India, Australia, Japan, Canada and Mexico as possible allies that are committed to global cooperation.
He issued a call "to He issued a call "to create with them a create with them a collective action to collective action to initiate and suggest initiate and suggest solutions." solutions."
Still, he said discussions are just beginning, and it's too soon to know which countries may join.
