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See how the impact of the United Kingdom's decision to leave the EU has rippled across the globe, politically and economically. VPC
A couple with their faces painted in the flags of the European Union and Great Britain kiss in front of the Brandenburg Gate in Berlin on June 19, 2016.(Photo: AFP PHOTO/dpa /Jörg Carstensen)
The United Kingdom voted Thursday for a British exit<span style="color: Red;">*</span>— or "Brexit"<span style="color: Red;">*</span>— from<span style="color: Red;">*</span>the European Union. What happens now is "a leap into the unknown," according to a report on "Life After Brexit"<span style="color: Red;">*</span>by the<span style="color: Red;">*</span>London School of Economics.
Here’s what is most likely to happen next:
[h=2]They'll talk about it[/h]Leaders of the<span style="color: Red;">*</span>European Union leaders will hold a summit in Brussels next week<span style="color: Red;">*</span>“to start a wider reflection on the future of our Union,”<span style="color: Red;">*</span>EU Council President Donald Tusk told reporters on Friday.<span style="color: Red;">*</span>“We are determined to keep our unity at 27,” one less than when the<span style="color: Red;">*</span>U.K. is included.Tusk said EU leaders will meet without British Prime Minister David Cameron, who led the campaign to remain in the EU and said after the vote that he will resign.
[h=2]Two years of negotiations[/h]Once<span style="color: Red;">*</span>the U.K. formally notifies the EU that it wants to get out of the bloc, it will have<span style="color: Red;">*</span>two years to officially negotiate its departure. To do so, it needs to invoke Article 50 of the EU's Lisbon Treaty.<span style="color: Red;">*</span>The U.K.<span style="color: Red;">*</span>could be<span style="color: Red;">*</span>granted an extension beyond two years, but only if all 27 EU member states agree. Cameron said he wants his successor to lead these negotiations. If he sticks around until October, which he said he might do to provide an orderly transition, then nothing much happens until the fall.
[h=2]Who wants to be the new U.K. leader?[/h]Cameron's ruling Conservative Party will now<span style="color: Red;">*</span>set<span style="color: Red;">*</span>about the<span style="color: Red;">*</span>process of figuring out who will replace him. One name<span style="color: Red;">*</span>consistently floated as a successor<span style="color: Red;">*</span>is former London mayor Boris Johnson, the flamboyant leader of the winning "leave" campaign. Johnson made no mention of possibly<span style="color: Red;">*</span>replacing Cameron when he and leave<span style="color: Red;">*</span>campaign leaders held a victorious news conference on Friday.
[h=2]Market mayhem<span style="color: Red;">*</span>— and<span style="color: Red;">*</span>possible recession[/h]Global markets fell off a cliff,<span style="color: Red;">*</span>oil prices tumbled and the pound fell to a 31-year low after the vote tally showed Brexit had prevailed.<span style="color: Red;">*</span>Dozens of leading economic think tanks and heavyweight financial institutions, including the International Monetary Fund and British finance ministry, warned ahead of the referendum<span style="color: Red;">*</span>that the U.K. would probably fall into a recession in the event of<span style="color: Red;">*</span>Brexit.
[h=2]Independence! For Scotland[/h]After the vote, Nicola Sturgeon, leader of the Scottish National Party, said<span style="color: Red;">*</span>she will push for another referendum<span style="color: Red;">*</span>to decide whether Scotland — which voted overwhelmingly to stay in the EU<span style="color: Red;">*</span>—<span style="color: Red;">*</span>should remain part of the U.K.<span style="color: Red;">*</span>Scotland failed to win<span style="color: Red;">*</span>independence in a 2014 vote among Scots.
The Scottish National Party had said in May that it would likely hold another independence referendum if Scotland were "taken out of the EU against our will."<span style="color: Red;">*</span>Sturgeon said Friday that she was preparing legislation for a second referendum.
[h=2]Non-EU me too[/h]The vote could embolden other nationalist and populist movements across the bloc to call for similar exit referendums.<span style="color: Red;">*</span>Right-wing euro-skeptic parties in<span style="color: Red;">*</span>Austria,<span style="color: Red;">*</span>Germany, the Netherlands and<span style="color: Red;">*</span>Italy may<span style="color: Red;">*</span>seize upon the British result as a reason to talk a lot more forcibly about<span style="color: Red;">*</span>loosening their own ties to the EU bureaucrats based in Brussels. Many people in those countries are likely to<span style="color: Red;">*</span>listen to them.
[h=2]Re-Troubles in Ireland[/h]Peace in Northern Ireland has been supported in part by an open<span style="color: Red;">*</span>border<span style="color: Red;">*</span>between the Republic Ireland and Northern Ireland (part of the U.K.). <span style="color: Red;">*</span>that stems from EU membership. On Friday,<span style="color: Red;">*</span>Northern Ireland's Deputy First Minister Martin McGuinness<span style="color: Red;">*</span>called for a vote<span style="color: Red;">*</span>on a united Ireland.
[h=2]‘No mass deportations’[/h]About<span style="color: Red;">*</span>3 million people from other EU nations reside<span style="color: Red;">*</span>in the U.K., and around 1.2 million Brits live<span style="color: Red;">*</span>elsewhere in the alliance. One of the fundamental principles of the bloc is allowing the free movement of people and workers within member countries. Cameron said there would be no immediate move to alter that arrangement, but look for changes over time.
“It’s not hard to imagine that EU countries will impose more onerous bureaucratic requirements for maintaining residency, but that will likely be the extent of the impact,” said David Bartram, an international immigration expert at the<span style="color: Red;">*</span>University of Leicester.<span style="color: Red;">*</span><span style="color: Red;">*</span>“We’re not going to see mass deportations.”
Nigel Farage, the leader of the U.K. Independence Party speaks to the media on College Green with the Houses of Parliament in the background in London, on June 24, 2016.<span style="color: Red;">*</span>(Photo: Matt Dunham, AP)
[h=2]<span style="color: Red;">*</span>[/h][h=2]<span style="color: Red;">*</span>[/h]USA TODAY
Scots may mount second independence try based on 'Brexit' result
[h=2]<span style="color: Red;">*</span>[/h]USA TODAY
British foreign secretary: Cameron to stay on
USA TODAY
Global reaction pours in over 'Brexit' result
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Londoners react to the result of Britain's EU referendum which saw 52 percent vote in favour of quitting the bloc, a margin of more than one million votes. Newslook
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