Consequences of the Brexit Vote
For the week of July 10, 2016
The Brexit, the decision of United Kingdom voters to leave the European Union, sent global markets into a tailspin and led to Prime Minister David Cameron’s announcement that he will step down in October. We discuss the implications of the Brexit vote and why voters wanted to leave.
Guest: Mary Curtin, Diplomat-In-Residence at the Humphrey School of Public Affairs, University of Minnesota
- Part 1 – 14:33
Nationalism and anti-immigration sentiment prompted many in the UK, especially England, to vote to leave the EU. While London is a global financial center, many UK citizens feel the rise of globalization has not been a benefit to them. But despite the problems and disagreements that have caused dissatisfaction of the EU, Curtin says it is important to remember the purpose and vision that created the union after World War II. “The contribution of the EU has been enormous,” she says, “not just to the financial and economic wellbeing but also to the political wellbeing and stability of Europe.”
- Part 2 – 12:02
What happens now? Curtin discusses what the negotiation process with the EU might look like and other possible consequences of the Brexit including weakening the NATO alliance and causing other countries to exit the EU.