I thought cooler heads would prevail in the end, which is the kind of mentality I think a lot of us in the US have right now with our upcoming shit show of an election coming up in November, and that Brexit wouldn’t happen.
The EU just said, ‘Fine, fucking go already then.‘
Trump is especially happy about this because he’s also singing that old standard [fill in name of country] FIRST!
America is proud to stand shoulder-to-shoulder w/a free & ind UK. We stand together as friends, as allies, & as a people w/a shared history.
— Donald J. Trump (@realDonaldTrump) June 24, 2016
And Charles Stross on what this means:
What happens to England and Wales now?
Short version: economic turmoil caused by the uncertainty. An upswing in right-wing xenophobia as the utterly odious crypto-fascist Nigel Farage makes hay while the Sun shines on his project. Divorce negotiations …the Brexiters have been selling a lie; that they’d get a no-fault divorce and keep the house. Reality is somewhat less convenient and Brussels has no alternative but to play hardball if it is to deter other loosely-bound members from following England’s example. Most likely England will end up losing the house, the CD collection, and the cat and having to sleep in the car. For example, the biggest chunk of the UK economy today is the banking sector, and London is the global number one market for euro-denominated derivatives trading. But London, as a non-euro zone market, is only allowed to trade in euros because it’s the capital of an EU member state. A London that is out in the cold will lose that business. Expect much of the British financial sector to decamp to Frankfurt, Paris, and Brussels. And there will be other ghastly economic consequences; if the UK is allowed to get it’s no-fault divorce, when why should Greece put up with the Troika’s demands?