What does Brexit mean for Europeans?
Without the United Kingdom, the population of the EU is shrinking and without the United Kingdom, the EU budget has a gap of EUR 60 billion.
As far as military and strategic planning is concerned, there is only one permanent member of the UN, which reduces the weight of the EU's decisions on nuclear deterrence. Relations between the EU and the world will no longer be the same at the level of trade negotiations and the political power relations of the major powers.
The EU is now afraid of losing its credibility on issues where the UK and especially London is a global player, for example in the financial sector.
Brexit would also be a sign of hostility towards the EU in Europe at the level of nationalist and eurosceptic movements, which would lead to a decline in European solutions to cross-border problems.
FRAGILE FRANCO-GERMAN RELATIONSHIP
As the cultural differences between the French and the Germans were greater, the United Kingdom was a good ally in the political decisions of EU projects because their culture was closer to that of France and agreements were more easily found. Germany had a different vision and sometimes some political instabilities which did not help. However, it has a dominant position within the EU which suggests that Brexit could increase tensions with countries that distrust Berlin. Germany and its EU partners share the same ideas and are trying to counter the negative effects of the UK's withdrawal.
IMPACT ON TOURISM
Prices will inevitably be impacted by the Brexit, the income of the British will suffer an annual decline of 6% and journeys to Europe will be higher, which will probably lead to a consequent drop in tourism this summer. Both to the UK for Europeans and to other European countries for the UK.
As a result of the cancellation of European trade relations concerning the United Kingdom many companies will see higher export taxes, which also affects European companies trading with the United Kingdom. Many foreign companies had used London as their headquarters to get closer to the EU, however with the Brexit many of them are tending to relocate, such as the US bank JP Morgan for example.
THREAT TO EUROPEAN POWER
The exit of the UK from the EU poses a serious threat to the EU's place in international relations. Even if it retains its current rank in terms of maritime power, its global economic power is a threat because China is not far from Europe now in terms of GDP following the loss of the UK.
LOSS OF MAJOR INDUSTRIAL GROUPS
Major global oil companies such as BP and Shell or the world's third largest retailer Tesco. The loss also in the aeronautics sector with Rolls Royce or in telephony with Vodafone which is the 3rd world operator but also Unilever which is the 4th world player in food and body care products. Any agreement is not broken they allow a favorable trade with the European Union.
The universities of Oxford and Cambridge are the only ones in the world that can compete with the great American universities. Indeed, in several rankings the best European universities were British, at the top of the ranking we now find Copenhagen followed by Paris, Stockholm and the Sorbonne.
The price of British universities will also increase for European students wishing to study abroad and agreements between partner universities could be reworked. During the transition period the agreements remain the same and you can still benefit from the Erasmus+ programmes.
As for EU members who have been living and working in the UK for several years, they will be able to stay and their lives will not change, they simply have to regularise their situation with the English administration.
For future people wishing to come and settle in the United Kingdom later it will be more complicated, a points system seems to be set up according to the professional category, the level of income on the spot, etc. The United Kingdom will give preference to "brains" to enter its territory.
As far as tourism is concerned, nothing will change, there will be no need for a visa to go for a weekend in the United Kingdom.
The euro tends to depreciate, however, in the long run the euro area will have more power to steer the EU's economic and financial policy. All countries are united in their support for making the euro's monetary system more fiscally sound. However, Italy wants Eurobonds, France wants an EU finance minister.Progress towards a capital market union continues at a slow pace and in a different direction, but it is there.
IMMIGRATION AND SECURITY
The refugee crisis has shown that the EU must move towards a centralised border control and asylum mechanism. Brexit would also reduce the EU's capacity to fight cross-border organised crime and thus transnational terrorism.
Furthermore, Brexit would threaten the EU's global position and its status as a power, its ability to play a greater role on global security issues.
However, the EU decision-making process without the UK would be simpler and lead to a more common foreign and security policy.
Pooling is a key term, also referred to as capability sharing and cooperation in defence planning between EU member states.
For the time being and until the transition period is over little will change on both sides, the change will be gradual over time to negotiate all the agreements necessary for the proper functioning of the two economies. The EU will undoubtedly be able to cope with the new global challenges even without the UK as a further liberalisation of the single market and as a pillar of a liberal order in a world that is becoming dangerous and chaotic.
If you would like to discuss with people from all over the world, from EU countries for example, about the impact of Brexit for them and what they think about it you can find partners in the language exchange section of our Studenz website.
Written by: Lisa Lambert, Staff Writer
- 3 Mar, 2020
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