By using this site, you agree to our Privacy Policy and our Terms of Use. Close
Ganoncrotch said:
jason1637 said:
This is probably just an immediate effect. Things should balance themselves out soon enough.

The actual split is due to take 2 years before becoming fully effective. If some side doesn't chicken out or fuck up before then.

Just to explain, not exactly. Invoquing Article 50 to leave Europe starts a round of negociations about how the country leaves. When the negociation end, the country leaves. In case the EU can't come to an agreement within a period of 2 years, the split become active anyway. So, 2 years is the maximum time to become effective, not a mandatory period. But, as the negociations have to be agreed each country of EU (now 27 countries), it could very much takes 2 years.

Now, for people thinking that EU is good for economy. Please think that even when you leave, you still face a kafka-esque, bureaucratic, lengthy process. And even if UK announced the referendum more than 1 year ago, the actions to do both for UK to leave and EU to overcome it are totally unprepared. France and Germany are to meet to think about what to do.