The UK’s Brexit has often been described as a divorce, and it surely has gotten to that point. The differences, between the UK and EU, still appear reconcilable, if only they would speak homestly to each other. Great Britain voted to leave the Union of some 28 member nations, with which it does 50% of its foreign trade. And the EU appears miffed that any member, especially one of its most important ones, would have the audacity to leave. But, UK is not the only nation considering a Brexit–however, there would be different letters in front of the various Exit signs, depending upon spelling of each name (i.e. FR or IT).
Unfortunately, the EU operates somewhat like a country club where members go to socialize, rather than to discuss their common problems. And, the European Commission, which represents the Leadership, doesn’t seem interested in assessing the growing problems within the overall EU membership. Have they tried to determine whether there might be similarities, between why the UK voted to leave and the nationalistic anti-Europe movements in other member nations?
Since the Brexit, the British Pound Sterling has dropped in value by 11% against the Euro, and 15% against the US Dollar. Apparently, the ForEx market seems less confident in an independent United Kingdom. And even though UK won’t finalize the divorce for a couple of years, the price of imported food in the supermarkets, in Pounds, has already surged. Do the other nations wish to attempt such a costly exit from the Union?
Over the years, the EU has become much more than just a trade union; but, that’s where the entanglements might make separation with other countries—especially those who share the common currency—even more foreboding. Joint currency agreements could become a nightmare to unwind, especially if more than one Euro participant leaves. And over time, as more and more EU and Eurozone members depart, the loss of critical mass would reduce the reason for membership altogether.
At this point, all concerned parties need to set real time aside, roll-up their proverbial sleeves and re-organize the Union, Currently, it seems like the large cargo truck, which has grown and been modified over the years; but, it still rests on the chassis of a VW bug. Originally, the EU took just a handshake to form, among a few close friends; but, in its current status, as the priorities of the growing membership have changed, it has become a nightmare to exit—and unwise to do so!