Saudi Arabia attracts $14.9 billion investments in AI as LEAP25 kicks off in Riyadh    Arab, Islamic world slams Netanyahu's remarks against Saudi Arabia, calling it unacceptable and irresponsible    Saudi Crown Prince and IOC President discuss aspects of enhancing cooperation    Saudi, Argentinean foreign ministers discuss regional developments    Saudi, Ukrainian FMs discuss Ukrainian-Russian crisis in phone call    CyberArrow grows regional presence by expanding operations in Saudi Arabia    How amana helps traders and investors in MENA build wealth    Cold weather continues hitting most Saudi regions as Turaif records lowest temperature with minus 2°C    Israeli army withdraws from Netzarim Corridor as part of ceasefire deal with Hamas    Trump claims talks with Putin on ending Russia-Ukraine war, Kremlin remains silent    Lebanese President affirms new government is non-partisan, focused on national interest    Trump rules out deporting Prince Harry, cites marital troubles as reason for leniency    Sharifa Al-Sudairi makes historic debut at Asian Winter Games    Jaecoo J8 launches in Saudi Arabia, marking a new milestone in the Middle Eastern off-road market    Al Nassr reclaims third place with 3-0 victory over Al Fayha as Jhon Durán shines    Ivan Toney's brace secures Al Ahli victory over Al Fateh in Saudi Pro League    Karim Benzema's last-gasp winner sends Al Ittihad to the top of Roshn Saudi League French striker seals dramatic 2-1 victory over Al Taawoun with stoppage-time strike    Salvador Dalí art comes to India for the first time    GEA hosts mass wedding of 300 couples at "Night of a Lifetime" celebration during Riyadh Season 300 cars and housing as gifts for the newlyweds    Food Culture Festival kicks off in Riyadh's Diplomatic Quarter    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Britain votes to leave EU
Published in The Saudi Gazette on 25 - 06 - 2016

The absolutely stunning decision by the people of Britain to leave the European Union means that Britain has opted to forgo the status quo and instead leap into the unknown. Though opinion polls suggested that the "Remain" and "Leave" campaigns were neck and neck following a bad-tempered campaign, it was predicted that Britain, a habitually pragmatic country, would in the end vote to keep things the way they were. How wrong the predictions were. Leave won by 52 percent to 48 percent on Thursday, which is now being called Britain's Independence Day. The undecided voter, that fence-sitter, probably tilted the outcome in favor of Leave.
The whole world will now be watching for the fallout from Britain's divorce from the EU. The first casualty is Prime Minister David Cameron who said he will step down by October in wake of the UK vote. Ironically, it was Cameron who promised the British in 2013 to see off the electoral threat from the Independence Party, which changed from a blip to a major force in British politics. Cameron felt reasonably certain Britain would vote to stay in and he was the biggest voice for Remain. But that was before the tidal wave of immigration began, before the onslaught of terrorism in nearby France, and the refugee crisis overwhelming Europe's southern and eastern borders. The Leave campaign brought the emotive issue of immigration front and center and was able to exploit it very effectively.
Global stock markets fell heavily on the news and the value of the pound also fell dramatically and at one point touched its lowest level against the dollar since 1985. The Leave people say this was to be expected and that the pound will right itself in due course.
The consequences of the Leave vote cannot be minimized. It will have far-reaching effects and not just in the United Kingdom. There is now no telling how many other countries are going to follow the UK's lead. It appears that there will now be a domino effect from the so-called Brexit that could threaten the entire EU. Already, the UK vote has sparked demands from far-right parties for referendums in other member states.
France's National Front leader Marine Le Pen said the French must now also have the right to choose. Dutch anti-immigration politician Geert Wilders said the Netherlands deserved a "Nexit" vote while Italy's Northern League said: "Now it's our turn".
Former Labor Europe Minister Keith Vaz said the British people had voted with their "emotions" and rejected the advice of experts who had warned about the economic impact of leaving the EU. There is a certain truth to that. The British are largely ignorant of what the EU does and why, but in all fairness, the complexity of the issue was off-putting. Leaving such a historic vote to a prime minister or a parliament would not have sufficed; the people had to vote. But with so much bombardment of messages and information for and against, it was difficult, if not impossible, to have an intelligent and informed public debate about the merits of staying in the EU or leaving. People were in the end being asked to choose based on gut instincts, not the most scientific method when deciding the fate of a nation, a continent and a world for generations to come.
The vote to leave, which brings an end to more than four decades of UK membership in the EU, will almost certainly have serious consequences for everything from financial markets to European policy decisions to the stability of the bloc.
The EU is the world's most powerful union. Britain is the first country to leave it, arguably the biggest blow to the 28


Clic here to read the story from its source.