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Hedra42 said:
 

The current union jack contains the cross of St Patrick the cross of St Andrew, and the cross of St George. These crosses represent the patron saints of the island of Ireland, of England, and of Scotland. I'm not saying it should be used as a banner for the British Isles - for one thing, Wales isn't even represented on it (it was regarded as a Principality at the time the Union Jack was devised) and in my opinion should be updated - my point was that it was never officially accepted even as a union flag, so there is no ownership over what it should represent.

But you raise a good point about history/sentimentality nonetheless - in the same vein, you could question that given the changing demographic of the isles in general, should the Christian crosses still  be used to represent the countries, unified or seperate, at all.

 

Well, the demograhic of Ireland has only changed with the massive amounts of eastern Europeans living there now and many asian students. Religion has stayed mostly static with most people being christian. When the flag was created, the English monarchy hadn't even invented their religion yet so that the king could get divorced/ remarried after murdering his wife/ wives.

Ireland, in all respects is a very diffferent place. If anything, Scotland with a GDP almost the same as Ireland but with A larger population will be fine in the long run but will hurt for a few years. If the UK then leaves the EU, you can expect a world of hurt to fall on Londons financial sector who will up and leave for Dublin to use it as a gateway to Europe. This has already happened with regards to the IT world with google, facebook, yahoo, msn, linkedin etc etc all setting up their headquarters there.