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РУБРИКА
(photo: http://cdn.pieria.co.uk/)
immediately after the referendum, the plications, both within the United King-
pound fell to 1.32 American dollars. Ac- dom, as well as in the European Union.
tually the projections are that the pound Considering the fact that the majority in
will continue to fall by the end of this Scotland, Northern Ireland, and in Lon-
year. In addition, the value of the shares don, voted to stay in the EU, and in ad-
of the British companies in the financial dition to the total result of 52:48 to leave
markets reduced, the independence of the EU, there were already announce-
the financial markets increased, thereby ments for a new referendum for indepen-
causing reduction of the credit rating for dence of Scotland, and requests to stay in
the United Kingdom. the EU, similar tendencies are also an-
nounced for the merging of Northern Ire-
In the medium and in the long run, ad- land with the Republic of Ireland, as well
ditional implications are expected for the as to connect Gibraltar with Spain. This
British economy, and the one of the Eu- remains a serious challenge for Great
ropean Union. In a situation of indepen- Britain to show leadership in the unifica-
dence, the turbulences of the financial tion of the citizens, and simultaneous ne-
markets can continue, this would affect gotiating process about the new relations
the trade, primarily between the United with the EU.
Kingdom and the EU, depending on the
course of the negotiations for the trade EUROSCEPTICISM AND POPULISM
relations. This would have an additional In such circumstances, one can say
impact on the investments, thereby on
the economic growth, the employment that the implications will be more visible
and the competitiveness of the economy. also on the other member states of the
According to the projections of the IMF, EU, such as the announcements to leave
published before Brexit, this is expected the EU by the populist politicians in the
to have implications on the economic Netherlands, and the National Front Party
growth, and in the short run the GDP was in France. The populism and Euroscepti-
revised from 2.2 % to 1.9 %, and in the fol- cism have increased their influence, both
lowing year it would not be higher than through the increased number of MEPs in
2.2 %. the last composition of the European Par-
liament, however also through increased
In addition to the economic implica- support of the populist and anti-Euro-
tions, Brexit unearthed some political im-
July-August 2016 39
