Total Pageviews

Wednesday 6 July 2016

BREXIT: 'TO BE' OR 'NOT TO BE'

 "We are with Europe, but not of it. We are linked but not comprised. We are interested and associated, but not absorbed.".......Winston Churchill

Source:http://www.knowledgeatwharton.com.es/article/estrategia-crucial-de-salida-por-que-el-brexit-puede-hundir-la-ue/

The results of the recent European Union membership referendum of 23rd June in the United Kingdom, in which the Country narrowly voted to leave the 28-member socio-political continental wide body has generated attendant worrying ripples amongst the EU power broker Nations and ponderous aftershocks within the United Kingdom itself; with the economy and cooperate entity of the Country being called to question.
Priding herself as a stand-alone European victor against Nazi dominated Continental Europe after World War Two, whilst yearning for a peaceful and prosperous Europe; the United Kingdom preferably stood back on the side-lines during the formative periods of what is now known as the EU today. Despite being invited to be one of the founding countries of the ‘Pan European’ project, the UK twice declined the offer as a founding member of the European Coal and Steel Community in 1951 and the signing of the Treaty of Rome in 1957.
As a global power with far flung domains across the Oceans which at its peak comprised about 25% of the earth’s surface, the UK leveraged on her colonies across North America, Africa and especially the Indian subcontinent for raw materials to feed its burgeoning industries and market to satisfy her industrialization demands. Even with an imminent empire liquidation after the World War 2, the UK still hoped for business as usual in terms of international trade in a renewed relationship arrangement with her ex-colonies now referred to as The Common Wealth.
The British empire at its heights in 1920
Source: http://forum.nationstates.net/viewtopic.php?f=20&t=173340&start=375

And whilst the economies of the EEC (European Economic Community) member nations flowered in the 1950’s and 1960’s, that of the UK foundered as emergent independent nations from the ‘British Empire’ sought new trading relationships overlooking a much loathed British colonial trading arrangement.
Aiming to catch-up with the now fast economic paced EEC member Countries and seeking to explore the continental market, the UK launched a bid for EEC membership in 1963 and 1967 during which both membership bids were blocked courtesy of vetoes by the then French President, Charles de Gaulle.
Charles de Gaulle
Source:http://www.bbc.com/news/uk-politics-26515129

Aside glaring scepticism to the Pan-European project at its founding even when initially invited to join, De Gaulle identified an inherent adaptation problem of the British to Euro idealism which the EEC stood for in these words.

“England in effect is insular, she is maritime, she is linked through her exchanges, her markets, her supply lines to the most diverse and often the most distant countries; she pursues essentially industrial and commercial activities, and only slight agricultural ones. She has in all her doings very marked and very original habits and traditions”

Only the exit of De Gaulle’s presidency in France in 1969 was the United Kingdom application to join the EEC accepted in 1973. Even at that, the question of how much power be devolved from the UK to the EEC besmirched the long-term membership commitment of the UK to the Pan-European socio-political project. As such, referendum came calling in 1975 with an overwhelming 65% voting to stay in the EEC. Yet the underlining intrigues of British Euroscepticism kept being brought to bare viz:
·        Not being able to benefit from EEC Agricultural subsidies because of its low agricultural output compared to other EEC member nations
·        The reluctance to devolve economic and political power to the EEC.

"We are not prepared to accept the principle that the most vital economic forces of this country should be handed over to an authority which is utterly undemocratic and is responsible to nobody!"
Clement Attlee, 1950

Renewed British choosiness towards the Pan-European project was evident during the ratification of the Maastricht Treaty of 1992 which led to the formation of the European Union; the UK opted out of the section of the treaty dealing with social policy, as well as of joining the monetary and economic union. As such, it was no surprise that the British earlier opted off the Schengen free border agreement in 1985.
Ultimately, growing discontent that the UK was giving more than it gets from the EU led to a call for a second EU referendum resulting in a shock narrow victory of 52% for the leave campaigners. Unlike in 1975 when dissenting referendum voices were not discerned, the devolution of powers to the sectoral constituent makeup of the United Kingdom in Scotland, Wales and Northern Ireland with each able to pursue an option of self-determination has added a new twist to the BREXIT debacle, as the constituent referenda votes in these constituents voted to stay in the EU; the majority ‘leave’ vote coming from England.
Not forgetting the Gibraltar (a British enclave on the Iberian peninsula claimed by Spain) which also voted overwhelmingly to stay in the EU for the sake of economic viability, calls for a second Scottish referendum should the UK leave the EU has made BREXIT a pyrrhic victory for the leave campaigners, as this might trigger an unhappy dissolution of the UK leaving England isolated outside the EU in a diminished status; thereby calling to question the global power status of the UK within the United Nations and the International commune.
To evade such, the UK will have to find a way of renegotiating its relationship with the EU without necessarily leaving, though the referendum in itself is only advisory and not legally binding. Even when the UK decides to finally trigger Article 50 of the Lisbon treaty to leave the EU, it might take extra-long years outside the stipulated two years for the UK to find its feet with treaties to enact her EU exit status.
With the economy already taking a nosedive and the Pound sterling already taking a plunge due to uncertainties about the UK’s long-term EU status, there are already regrets even amongst the leave campaigners that the UK might just have shot herself in the foot.
Accepting her diminished status as a once great power is hard for the British and whilst striving hard to salvage national pride, current trends bothering on international trade has to be taken cognisance of. And yes, the British just like the Swiss can preserve her distinctness whilst still being part of Europe
"This is a painful choice and it is deeply regrettable both for the UK and Europe. But this choice is theirs and we must respect it, accepting all the consequences. ”.. Francois Hollande


No comments:

Post a Comment