As Theresa May, the United Kingdom’s Prime Minister, has determined this Wednesday to be the date where the British government will trigger the exiting procedure of the European Union by stipulating article 50 of the Lisbon treaty; uncertainty and speculations are roaming around.
Differences over divorce
The withdrawal operation puts the EU at direct confrontation with the Kingdom’s authority, as a deal has to be reached over the settlement concerning the future of the scores of interconnecting issues between the two counterparts.
The contrast in perception over the quandary, is visible in the conflicting statements of both sides, as the head of the British government stated: “While I am confident that this scenario needs to never arise as I am sure that a positive agreement can be reached, I am equally clear that “No Deal” for Britain is better than a “Bad Deal” for Britain”.
On the other hand, Mr. Michel Barnier the European Chief Negotiator for BREXIT asserted: “It goes without saying that a no-deal scenario, while a distinct possibility, would have severe consequences for our people and our economies. It would undoubtedly leave the UK worse off”
Aftermath of exodus
In the wake of the terrorist attacks that have hit Westminster by shock, last week, the unanimity of collaboration is stressed as both associates face similar challenges and common foes. On the socio-economical scale, BREXIT leaves a great deal of ambiguity and requires intensive cooperation to avoid harsh consequences for citizens as well as businesses. The long awaited departure of the United Kingdom puts heaps of trade deals into question as well as numerous cooperation agreements in the field of security and defense. The failure of reaching a consensus on these contentions, risks to create a vacuum of understanding that can lead to troubled relations and an imbalance in the regional affairs.