Britain Votes
Britain Votes
Britain Votes
Britain Votes:
What Brexit Means to the EU
We look into the details of the British referendum and forecast
the impact it will have on the future of the European Union and
Britains political strategy. We analyze several key advantages and
disadvantages of this vote for all countries that will be impacted
and predict how this will shape future geopolitical strategies.
Here is a summary of some of our key predictions for how the
Brexit referendum will impact our world.
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Britain Votes:
What Brexit Means to the EU
Introduction: The Brexit Debate
The British decided to join the EEC despite substantial unease, because they anticipated economic benefits and assumed they could contain
the blocs intrusions on British sovereignty. Those
assumptions proved to be somewhat more problematic than expected. Brussels intrusions grated
on those who valued British sovereignty. But the
real game changer was the dramatic economic
decline in parts of Europe after 2008.
Britain has important economic ties with the Continent of course. But it also has close financial ties
to the United States, in part because many American financial institutions wishing to do business in
Europe chose to base themselves in London. The
U.S. and Britain are intertwined on a range of economic and financial relations. In addition, Britain is
a strategic collaborator with the United States, and
was involved in Afghanistan and Iraq in ways other
European countries were not.
As for the second and third arguments, the economic relations with Europe are institutionalized,
whereas those with the United States have no
long-term definition or foundation. With the institutional foundation of Europe, Britain could retain
the relationship with the United States while working to stabilize Europe based on reliable, if flawed,
institutions.
To the fourth point, while British sovereignty matters, Britains decision-making is shaped as much
by the United States or any other relationship as it
is shaped by the EU. Any direction Britain moves
would limit sovereignty.
Finally, after almost a quarter century of Maastricht, leaving the EU now would bring unknown
and unintended consequences. Whatever the current problems of the EU, the anti-Brexit side thinks
they are reparable without recourse to leaving the
union. They think that even if all the arguments for
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The referendum will be held on June 23. Its outcome is unknown, but these are the arguments.
We have spent more time on the arguments
for leaving than staying because leaving is the
challenger. The arguments for Brexit frame the
counterarguments. Obviously, in any referendum,
there are many claims and counterclaims, and
the nuances of reasoning are lost in the desire to
persuade. But when you listen carefully, these are
the arguments and the issues behind them.
Conclusion
As Britons prepare to vote on the future of the
countrys EU membership, understanding the
strategic considerations behind the U.K.s relationships with its partners is critical. The U.K.s
geopolitical challenges shaped its decision to join
the bloc, and will also shape Londons relations
with Brussels should British voters opt to leave the
union.
With such a major decision looming for the United Kingdom that will impact the entire European
Peninsula, it has never been more important to be
aware of how geopolitical events shape emerging
and future trends. The full version of this special
report available only to premium subscribers
goes into the details of what will happen no matter which way Britain votes.
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George Friedman combines decades of experience in geopolitics, sharply honed research and
analytical skills, and information gleaned from his
international network to deliver this essential tool
that will enable you to navigate the future.
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