SlideShare a Scribd company logo
BBA 5TH SEMISTER
DARSHAN CHILORKAR
“What Is Brexit”
Brexit is an abbreviation of “British Exit” which refers to
the June 23,2016 Referendum by British voters to exit
the European Union(EU).
48%
52%
Referendum Result
Remain
Leave
The EU has developed an internal single market through
standardised system of laws that apply in all members states .
EU policies aim to ensure the free movement of people , goods ,
services & capital within the single market.
It maintain common policies on trade, agriculture, fisheries, and
regional development .
“ FourFreedoms”
Of SingleMarket
 It was established in 1992 Which is the
union as a single market.
 It allows free movement of the Goods ,
capital , services & people within the
European Union as it is a single country.
 The market encompasses the EU’s 28
member states.
 It is intended to be conductive to increased
competition , increased specialisation ,
larger economical growth
Movement
of goods
Movement
0f capital
Movement
of services
Movement
of people
Reasons of PM DAVID CAMRON RESIGNATION
First , David Cameron is the prime minister of Britain.
there are both political and personal reasons as to why he resigned.
bottom line is that Cameron resigned due to the brexit votes .
Stability: to give the markets, the EU andindeed the country some stability.
Continuity: a key reasonfor the postponementis thatit allowsa proper
leadershipcontest to take place.
Manoeuvring: Cameron repeatedlysaidthroughoutthe campaign thatis they
voted out,he willimmediatelytrigger article50 and they’dbe gone in two years.
Causes of brexit
Supreme power or authority
Immigration
Britain's felt less integrated with the EU than other European
citizens
Branding and wording choices
Decision not to impose tougher migration restrictions
Advantages
N0 secret agreements
Inheritance
Limited military
Debt
Supreme power or authority
Impacts on INDIA by BREXIT
Survey finding
India's economy and Indian business
Education sector
Immigration
Review’s on brexit
 Mr. David Cameron, “I will do everything I can as prime minister to steady the ship over
the coming Weeks and months , but I do not think it would be right for me to try to be the
captain that Steers our country to its next destination”.
“a negotiation with the European union will need to begin under a new prime minister
and I think it is right that this new prime minister takes the decision about when to trigger
article 50 And start the formal and legal process of leaving the EU .”
 RBI , Mr Raghuraman Rajan , “The reserve bank of India is contiounsly maintaining a close
Vigil on the market development both domestically and internationally and will take all
necessary steps”
 SBI chairmen , Mrs Arundhati Bhattacharya , “as trade strategies are reworked there could
be potential advantages in the form of better market”

UK will have independence
regarding policy matters
(Economic and trade)
No more strong trade
barriers of EU.
Can engage emerging with
countries like India more
effectively.
A weaker pound can help
more international students to
peruse higher education in UK.
What Cameron
wants.....
A weaker EU (both economically and
structurally)
More countries might follow UK’s suit and
go for referendum's. it can be catastrophic
not just for the EU but for world economy
as a whole.
Growing nationalist views among major
economies can result in the end of
globalization.
A less role for financial city of London in
terms of global financial trade.
What he
got.....
presentation on Brexit.

More Related Content

What's hot

Brexit
Brexit Brexit
Brexit
Sohil Jain
 
British exit
British exitBritish exit
British exit
Marlom46
 
The Business of Brexit: How Will You Be Impacted?
The Business of Brexit: How Will You Be Impacted?The Business of Brexit: How Will You Be Impacted?
The Business of Brexit: How Will You Be Impacted?
Gowling WLG
 
British exit from European Union 2016
British exit from European Union 2016British exit from European Union 2016
British exit from European Union 2016
Machiraju Presentations Pvt. Ltd.
 
Brexit
Brexit   Brexit
BREXIT (Britain Exit) The Reasons & Impacts
BREXIT (Britain Exit) The Reasons & ImpactsBREXIT (Britain Exit) The Reasons & Impacts
BREXIT (Britain Exit) The Reasons & Impacts
Slide Gen
 
Brexit presentation
Brexit presentationBrexit presentation
Brexit presentation
Nipuna Weerasekara
 
Brexit
BrexitBrexit
Brexit
Sami Ullah
 
Brexit
BrexitBrexit
Brexit
BrexitBrexit
Brexit Presentation
Brexit PresentationBrexit Presentation
Brexit Presentation
Tara Ambrose
 
Brexit presentation 1
Brexit presentation 1Brexit presentation 1
Brexit presentation 1
Sajawal Babar
 
Presentation on Brexit
Presentation on BrexitPresentation on Brexit
Presentation on Brexit
Md Sazzad Hossain
 
Brexit – what happens next?
Brexit – what happens next?Brexit – what happens next?
Brexit
BrexitBrexit
Impact of Brexit on world
Impact of Brexit on worldImpact of Brexit on world
Impact of Brexit on world
Rashmi Gowda KM
 
Brexit
BrexitBrexit
Brexit
Ayesha Ch
 
Brexit: The customs impact on UK businesses
Brexit: The customs impact on UK businessesBrexit: The customs impact on UK businesses
Brexit: The customs impact on UK businesses
Alex Baulf
 
Presentation on Brexit
Presentation on BrexitPresentation on Brexit
Presentation on Brexit
kazisumaiya
 
The Economics of Brexit for the UK Economy
The Economics of Brexit for the UK EconomyThe Economics of Brexit for the UK Economy
The Economics of Brexit for the UK Economy
tutor2u
 

What's hot (20)

Brexit
Brexit Brexit
Brexit
 
British exit
British exitBritish exit
British exit
 
The Business of Brexit: How Will You Be Impacted?
The Business of Brexit: How Will You Be Impacted?The Business of Brexit: How Will You Be Impacted?
The Business of Brexit: How Will You Be Impacted?
 
British exit from European Union 2016
British exit from European Union 2016British exit from European Union 2016
British exit from European Union 2016
 
Brexit
Brexit   Brexit
Brexit
 
BREXIT (Britain Exit) The Reasons & Impacts
BREXIT (Britain Exit) The Reasons & ImpactsBREXIT (Britain Exit) The Reasons & Impacts
BREXIT (Britain Exit) The Reasons & Impacts
 
Brexit presentation
Brexit presentationBrexit presentation
Brexit presentation
 
Brexit
BrexitBrexit
Brexit
 
Brexit
BrexitBrexit
Brexit
 
Brexit
BrexitBrexit
Brexit
 
Brexit Presentation
Brexit PresentationBrexit Presentation
Brexit Presentation
 
Brexit presentation 1
Brexit presentation 1Brexit presentation 1
Brexit presentation 1
 
Presentation on Brexit
Presentation on BrexitPresentation on Brexit
Presentation on Brexit
 
Brexit – what happens next?
Brexit – what happens next?Brexit – what happens next?
Brexit – what happens next?
 
Brexit
BrexitBrexit
Brexit
 
Impact of Brexit on world
Impact of Brexit on worldImpact of Brexit on world
Impact of Brexit on world
 
Brexit
BrexitBrexit
Brexit
 
Brexit: The customs impact on UK businesses
Brexit: The customs impact on UK businessesBrexit: The customs impact on UK businesses
Brexit: The customs impact on UK businesses
 
Presentation on Brexit
Presentation on BrexitPresentation on Brexit
Presentation on Brexit
 
The Economics of Brexit for the UK Economy
The Economics of Brexit for the UK EconomyThe Economics of Brexit for the UK Economy
The Economics of Brexit for the UK Economy
 

Similar to presentation on Brexit.

Brexit
BrexitBrexit
2016 june cover
2016 june cover2016 june cover
2016 june cover
Animesh Kumar
 
How Brexit Impacts On India
How Brexit Impacts On IndiaHow Brexit Impacts On India
How Brexit Impacts On India
Karthik AT
 
Brexit
BrexitBrexit
So, What Happens Now? #SPRAConference 2019
So, What Happens Now? #SPRAConference 2019So, What Happens Now? #SPRAConference 2019
So, What Happens Now? #SPRAConference 2019
SPRA: The Single Ply Roofing Association
 
Gyanm General Awareness August 2016 Issue..!!
Gyanm General Awareness August 2016 Issue..!! Gyanm General Awareness August 2016 Issue..!!
Gyanm General Awareness August 2016 Issue..!!
Grover's Gyanm
 
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMSTOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
thebrewlondon
 
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMSTOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
thebrewlondon
 
What brexit means for business
What brexit means for businessWhat brexit means for business
What brexit means for business
Graeme Cross
 
BREXIT
BREXITBREXIT
BREXIT
Nidhi Sharma
 
Brexit Concerns - The way forward
Brexit Concerns - The way forwardBrexit Concerns - The way forward
Brexit Concerns - The way forward
Kannan Rajarathnam
 
Brexit
BrexitBrexit
Brexit
Jigarvasoya1
 
Brexit
BrexitBrexit
Brexit: one year to go
Brexit: one year to goBrexit: one year to go
Brexit: one year to go
IGD
 
Brexit and eu
Brexit and euBrexit and eu
Brexit: The road ahead
Brexit: The road aheadBrexit: The road ahead
Brexit: The road ahead
David Chambers
 
2019 Election| Brexit and United Kingdom| Canada | July 2019
2019 Election| Brexit and United Kingdom| Canada | July 20192019 Election| Brexit and United Kingdom| Canada | July 2019
2019 Election| Brexit and United Kingdom| Canada | July 2019
paul young cpa, cga
 
Brexit
BrexitBrexit
Brexit : Ins and Outs term paper
Brexit : Ins and Outs term paper Brexit : Ins and Outs term paper
Brexit : Ins and Outs term paper
RahmatUllahShahJalal
 

Similar to presentation on Brexit. (20)

Brexit
BrexitBrexit
Brexit
 
2016 june cover
2016 june cover2016 june cover
2016 june cover
 
How Brexit Impacts On India
How Brexit Impacts On IndiaHow Brexit Impacts On India
How Brexit Impacts On India
 
Brexit
BrexitBrexit
Brexit
 
AleksandraKowalik (10)
AleksandraKowalik (10)AleksandraKowalik (10)
AleksandraKowalik (10)
 
So, What Happens Now? #SPRAConference 2019
So, What Happens Now? #SPRAConference 2019So, What Happens Now? #SPRAConference 2019
So, What Happens Now? #SPRAConference 2019
 
Gyanm General Awareness August 2016 Issue..!!
Gyanm General Awareness August 2016 Issue..!! Gyanm General Awareness August 2016 Issue..!!
Gyanm General Awareness August 2016 Issue..!!
 
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMSTOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
 
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMSTOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
TOP TEN REBUTTALS TO VOTE LEAVE CLAIMS
 
What brexit means for business
What brexit means for businessWhat brexit means for business
What brexit means for business
 
BREXIT
BREXITBREXIT
BREXIT
 
Brexit Concerns - The way forward
Brexit Concerns - The way forwardBrexit Concerns - The way forward
Brexit Concerns - The way forward
 
Brexit
BrexitBrexit
Brexit
 
Brexit
BrexitBrexit
Brexit
 
Brexit: one year to go
Brexit: one year to goBrexit: one year to go
Brexit: one year to go
 
Brexit and eu
Brexit and euBrexit and eu
Brexit and eu
 
Brexit: The road ahead
Brexit: The road aheadBrexit: The road ahead
Brexit: The road ahead
 
2019 Election| Brexit and United Kingdom| Canada | July 2019
2019 Election| Brexit and United Kingdom| Canada | July 20192019 Election| Brexit and United Kingdom| Canada | July 2019
2019 Election| Brexit and United Kingdom| Canada | July 2019
 
Brexit
BrexitBrexit
Brexit
 
Brexit : Ins and Outs term paper
Brexit : Ins and Outs term paper Brexit : Ins and Outs term paper
Brexit : Ins and Outs term paper
 

Recently uploaded

Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Vighnesh Shashtri
 
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting
 
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit CardPoonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
nickysharmasucks
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
DOT TECH
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
pchutichetpong
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
Commercial Bank of Ceylon PLC
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
marketing367770
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
shetivia
 
Proposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in EthereumProposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in Ethereum
RasoulRamezanian1
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
DOT TECH
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
DOT TECH
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
DOT TECH
 
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
Amil Baba Dawood bangali
 
The European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population agingThe European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population aging
GRAPE
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
DOT TECH
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
DOT TECH
 
Webinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont BraunWebinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont Braun
FinTech Belgium
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
Avanish Goel
 
how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.
DOT TECH
 

Recently uploaded (20)

Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
 
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
 
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit CardPoonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
 
how to sell pi coins on Binance exchange
how to sell pi coins on Binance exchangehow to sell pi coins on Binance exchange
how to sell pi coins on Binance exchange
 
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfUS Economic Outlook - Being Decided - M Capital Group August 2021.pdf
US Economic Outlook - Being Decided - M Capital Group August 2021.pdf
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024
 
Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024Commercial Bank Economic Capsule - May 2024
Commercial Bank Economic Capsule - May 2024
 
USDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptxUSDA Loans in California: A Comprehensive Overview.pptx
USDA Loans in California: A Comprehensive Overview.pptx
 
Intro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptxIntro_Economics_ GPresentation Week 4.pptx
Intro_Economics_ GPresentation Week 4.pptx
 
Proposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in EthereumProposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in Ethereum
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
 
What website can I sell pi coins securely.
What website can I sell pi coins securely.What website can I sell pi coins securely.
What website can I sell pi coins securely.
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
 
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
 
The European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population agingThe European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population aging
 
how can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securelyhow can I sell/buy bulk pi coins securely
how can I sell/buy bulk pi coins securely
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
 
Webinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont BraunWebinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont Braun
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.
 

presentation on Brexit.

  • 2.
  • 3. “What Is Brexit” Brexit is an abbreviation of “British Exit” which refers to the June 23,2016 Referendum by British voters to exit the European Union(EU). 48% 52% Referendum Result Remain Leave
  • 4. The EU has developed an internal single market through standardised system of laws that apply in all members states . EU policies aim to ensure the free movement of people , goods , services & capital within the single market. It maintain common policies on trade, agriculture, fisheries, and regional development .
  • 5. “ FourFreedoms” Of SingleMarket  It was established in 1992 Which is the union as a single market.  It allows free movement of the Goods , capital , services & people within the European Union as it is a single country.  The market encompasses the EU’s 28 member states.  It is intended to be conductive to increased competition , increased specialisation , larger economical growth Movement of goods Movement 0f capital Movement of services Movement of people
  • 6. Reasons of PM DAVID CAMRON RESIGNATION First , David Cameron is the prime minister of Britain. there are both political and personal reasons as to why he resigned. bottom line is that Cameron resigned due to the brexit votes . Stability: to give the markets, the EU andindeed the country some stability. Continuity: a key reasonfor the postponementis thatit allowsa proper leadershipcontest to take place. Manoeuvring: Cameron repeatedlysaidthroughoutthe campaign thatis they voted out,he willimmediatelytrigger article50 and they’dbe gone in two years.
  • 7. Causes of brexit Supreme power or authority Immigration Britain's felt less integrated with the EU than other European citizens Branding and wording choices Decision not to impose tougher migration restrictions
  • 8. Advantages N0 secret agreements Inheritance Limited military Debt Supreme power or authority
  • 9. Impacts on INDIA by BREXIT Survey finding India's economy and Indian business Education sector Immigration
  • 10. Review’s on brexit  Mr. David Cameron, “I will do everything I can as prime minister to steady the ship over the coming Weeks and months , but I do not think it would be right for me to try to be the captain that Steers our country to its next destination”. “a negotiation with the European union will need to begin under a new prime minister and I think it is right that this new prime minister takes the decision about when to trigger article 50 And start the formal and legal process of leaving the EU .”  RBI , Mr Raghuraman Rajan , “The reserve bank of India is contiounsly maintaining a close Vigil on the market development both domestically and internationally and will take all necessary steps”  SBI chairmen , Mrs Arundhati Bhattacharya , “as trade strategies are reworked there could be potential advantages in the form of better market”
  • 11.  UK will have independence regarding policy matters (Economic and trade) No more strong trade barriers of EU. Can engage emerging with countries like India more effectively. A weaker pound can help more international students to peruse higher education in UK. What Cameron wants..... A weaker EU (both economically and structurally) More countries might follow UK’s suit and go for referendum's. it can be catastrophic not just for the EU but for world economy as a whole. Growing nationalist views among major economies can result in the end of globalization. A less role for financial city of London in terms of global financial trade. What he got.....