LIVE results: [ame]https://www.youtube.com/watch?v=y60wDzZt8yg[/ame] So far: 48.0% IN 52.0% OUT 265/382 precincts reporting in.
The referendum itself is non-binding. Greece voted in a referendum to not take the bailout terms, but took it anyway. We'll see. Cameron's to resigned.
Does anyone else find it humorous that Cameron's hail Mary slogan for remain was "Brits don't quit", and now that the vote didn't go his way, he quit?
The EU is probably toast. http://www.zerohedge.com/news/2016-06-24/italys-northern-league-launch-eu-referendum-campaign-next
Fixed that for you. You can add Hungary to that list. PM Viktor Orban is very outspoken in his dislike of multiculturalism and centralized control by unelected and unaccountable bureaucrats. It's about time the people of these countries grew a pair and decided they wanted no more of this EU fiasco. Take back your sovereignty and your borders! This doesn't bode well for Brussels, Frau Merkel, multiculturalism & "refugees" and potentially even NATO. Maybe the UN long term?
I thought it was pretty classy, he admits he's not the right person to lead them into this. Obama would be up there berating everyone for not voting remain.
Ah, you don't have retirement savings or investments that you'd like to avoid another market crash with? The UK (at best) will have slowed growth, but more likely fall into a recession in the next couple years as a result of this vote. The market drop today will be but a small part of what is seen should other countries also disrupt the global economy. I'd wager that unemployment in the UK goes up over the next 6-12 months by a statistically significant amount, their GDP drops, the GBP drop today will probably extend some over the next two years, housing prices in the UK will drop, and the middle and lower class people who were most of those voting to leave will suffer significant setbacks financially. Get a couple other countries on board and the "great recession" from the banks would likely seem like it was just another day for most people. From the point of view of "you want to be able to retire and avoid a ****ty economy", the whole "get rid of globalism" movement is the antithesis of progress. Of course, an understanding of macro-economics doesn't fit on a bumper sticker, so most people don't bother trying to grasp how much it has benefited them overall when "well, Joe lost his job because company x moved the factory he worked at elsewhere" is so much easier to relate to than the actual total impact of free trade agreements.