Press Release No. 16/303
June 24, 2016
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today:
“We take note of the decision by the people of the United Kingdom. We urge the authorities in the U.K. and Europe to work collaboratively to ensure a smooth transition to a new economic relationship between the U.K. and the EU, including by clarifying the procedures and broad objectives that will guide the process”.
“We strongly support commitments of the Bank of England and the ECB to supply liquidity to the banking system and curtail excess financial volatility. We will continue to monitor developments closely and stand ready to support our members as needed.”
“In a free and democratic process, the British people have expressed their wish to leave the European Union. We regret this decision but respect it. This is an unprecedented situation but we are united in our response. We will stand strong and uphold the EU’s core values of promoting peace and the well-being of its peoples. The Union of 27 Member States will continue. The Union is the framework of our common political future. We are bound together by history, geography and common interests and will develop our cooperation on this basis. Together we will address our common challenge to generate growth, increase prosperity and ensure a safe and secure environment for our citizens. The institutions will play their full role in this endeavour”.
“We now expect the United Kingdom government to give effect to this decision of the British people as soon as possible, however painful that process may be. Any delay would unnecessarily prolong uncertainty. We have rules to deal with this in an orderly way. Article 50 of the Treaty on European Union sets out the procedure to be followed if a Member State decides to leave the European Union. We stand ready to launch negotiations swiftly with the United Kingdom regarding the terms and conditions of its withdrawal from the European Union. Until this process of negotiations is over, the United Kingdom remains a member of the European Union, with all the rights and obligations that derive from this. According to the Treaties which the United Kingdom has ratified, EU law continues to apply to the full to and in the United Kingdom until it is no longer a Member”.
“As agreed, the ‘New Settlement for the United Kingdom within the European Union’, reached at the European Council on 18-19 February 2016, will now not take effect and ceases to exist. There will be no renegotiation. As regards the United Kingdom, we hope to have it as a close partner of the European Union also in the future. We expect the United Kingdom to formulate its proposals in this respect. Any agreement, which will be concluded with the United Kingdom as a third country, will have to reflect the interests of both sides and be balanced in terms of rights and obligations.”
“The UK and the EU entered uncharted waters Friday after the country voted to leave the bloc. Shortly after the result, Prime Minister David Cameron announced his intention to resign in three months” (France 24 English, 2016)
“EU/ UK split must start as soon as possible, however possible” (Euro News, 2016)
“So it is not in the interest of Britain to get out of this terrible Europe,” (…) ”So by leaving the EU while staying in the Single Market, you’re effectively deferring to an alien force in Brussels which is collapsing because you’ve left. How clever is that?” – Yannis Varoufakis (4th March 2016, yanisvaroufakis.eu).
This is a landmark day in the United Kingdom and Europe. I know the United Kingdom Independence Party (UKIP) and the other immigration scaremongers will celebrate their ‘victory’. Let me be clear, I have never liked the European Union or the way it have had the ability to control the Europe from Brussels. So I am far from the men and woman who fears the unknown and the immigrants that are fleeing from war, conflict and economic instability elsewhere, something that has happen all through human history.
I have not enjoyed how the Conservative Party or the Liberal Democratic Party ways of addressing the Brexit either, as they have nearly said in so many words that the United Kingdom if they voted for departure from Brussels they would become a pariah state and closer to closure of the trades between the British Islands and the rest of Europe. Like all of a sudden the Multi-National Companies and the flow of international monies to the City of London would stop overnight… Something I doubt, because the greed of the economy and the international corporations would like to still sell fizzy-water and pre-made stew to the British consumer.
The idea that the Remain was so sure that their tactic of pulling numbers and using the moral high-ground and certainty that the United Kingdom’s population would all follow the line of the current leadership, was a high risk, as there been dissidents and growing insecurity as the NHS and others benefits been cut through austerity and the fear-mongering of European free-riders in the Kingdom have continued. Something that PM David Cameron have known about all-along and accept while Finance Minister George Osborne have smiled and grinned showed stats on Sky News and made assumptions that if UK joins Norway, Iceland and Switzerland they would end up with the Stone Age Economics instead of the hedge-fund infused laisses faire economy of our day.
The Brexit will have ripple-effect and the far-right movements will strive on their recent victory, though the ones like me who stands for Sovereign nations and Sovereign rights. They are another place in reality than the ones who fears the immigrants and eats on it. The vultures and culture fearing people who have then thinking that the Europe will be better with only ‘traditional’ Europeans. They have in my opinion lost the plot and misunderstanding the matters at hand.
“Today, there are speculative forces in the markets much bigger and more powerful. And they will be eager to exploit any miscalculations by the British government or British voters,” – George Soros
The Remain have forced itself with Economic numbers that can be questioned. The matter of the instability and currency of the British Pound, while the voting in different areas proves that the Scotland, Northern Ireland and Scottish Islands voted to Remain, while major areas like Wales and England in majority voted to exit the European Union. So that David Cameron resign with the loss, while waiting for Jeremy Corbyn Labour Party Leader fate is not yet signed.
While Nigel Farage and Boris Johnson will be all giddy. They have a giant victory on their hand, but created a uncertainty about the negotiations between the UK Government and the EU Commissions, EU Parliament and the EU Organizations towards the new positions of being a bystander to the bureaucracies of Brussels.
The ability of independent Islands and the closeness for the British to the continent have always been a strange relationship in their politics, from the far-fetched Tudor dynasties into the modern day, where they want the EU monies, but want to be controlling borders with all kind of tools, instead of the freedom of movement people from the continent towards the British Islands. As the Government of UK have done all kind of investment in Calais to secure that they can find illegal immigrations through the transport there and the UKIP and other have said there no-control of the cars and lorries there. So the scares and fear politics have been staggering.
That U.S. President Obama, which Germany Chancellor Merkel and other heavy-weights have at some point said that the UK should stay in EU, the initial response has been that the UK would be better off in the Union. Something that is expected as the Germany is the one who have had Iron-Fist on Brussels, while taming the Greek counterparts and meddling in their affairs while the Greek country have had to sell their silver for fiscal loans from the EU and IMF. The Grexit would have also caused turmoil, but not in the same level of Brexit.
Brexit is a more central economy in Europe and have a clearer place in the Union, therefore they have special position and also could decide to swallow laws and swallow regulation from Brussels. Now they will be negotiations between the UK and EU as their new role in the Brussels organizations and the EU Parliament.
European Union would not like this and have been expressed that they will not give in to the demands of United Kingdom if they would vote against the Union. That is expected that the Union would play hardball after being stripped of the title and losing one of their high-graded members, as they have all along during the recent years tried to get more on board, now they lost a key-member as the United Kingdom.
The Brexit will create a new Europe, as one of the key political forces and economic centres like London will be left more alone and trade their new reality with the European Union, as they will follow the will of the People, they will be in a place like the Norwegian, Swiss, Icelanders and other smaller nations that are partly in the EU and on the Outside at the same time.
The EU does not want to lose the City of London and the business centres of the United Kingdom, while the UK Government and the Parliament of Whitehall have to respond with cautions and mark the future policies from British and the European Union. European Union have for long acted without honour towards the nations who have struggled after the recession of 2008 and acted with fierce fiscal policies while the German and French have come better out of the negotiations.
This is now the role and the ability of people’s will, together with determined politicians from Britain that can determine the fate of the British Pound, the British Commonwealth and the distance between Britain and the rest of Europe, as they will try to find their path after a critical vote on economics and sovereign questions. The henchmen and the strength of the kingdom can only be clear as long as they restrict their rhetoric and take the high-road.
United Kingdom and the British people together with their relevance on the continent; as United Kingdom will try to find their new place in Europe and in European business, together with the trade-agreements and other allies on the continent as the new day will bring new questions and new forged agreements to settle the disputed withdrawal from the European Union. Peace.