Brexit Issue: Total Coverage. - Seeker's Thoughts

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Brexit Issue: Total Coverage.

Brexit has been a lot in news in recent years, We are going to understand it clearly from the beginning.

First, What is Brexit?

Brexit means Exit of Britain from European Union.

What is European Union?

After World War Second, in 1951, The European Coal and Steel Community (ECSC) was founded by the Treaty of Paris (Or Treaty of Rome). West Germany, France, Italy, Belgium, Luxembourg and the Netherlands joined it while UK declined the invitation.

In 1957, Two more organization were formed,- The European Atomic Energy Community and the European Economic Community.

Over the following decades many new members joined them while at the same time integration of economic, cultural, judicial and so forth would then deepen the relationships distinct European entity. The Communities and its successors have grown in size by the accession of new member states and in power by the addition of policy areas to its remit.

The European Union (EU) is a political and economic union of 28 member states that are located primarily in Europe. It has an estimated population of over 510 million. The EU has developed an internal single market through a standardised system of laws that apply in all member states. EU policies aim to ensure the free movement of people, goods, services, and capital within the internal market,enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries, and regional development. Within the Schengen Area, passport controls have been abolished. A monetary union was established in 1999 and came into full force in 2002, and is composed of 19 EU member states which use the euro currency.                                                                                                                                                                                                                                                                                                                                                                                              
Why did Britain want to leave?

The appealing part of the EU was that it made it easier for European countries to share in one another’s prosperity. But, as with any union, cooperation means weathering downturns together — and that hasn’t always been so easy.

Take, for example, the 2008 financial crisis. Many economists agree that the European Central Bank failed to respond effectively, leading to a recession that was much more severe than it needed to be. Unemployment rose, and tax revenue fell. Banks needed bailouts, and debt in a number of EU countries soared.

Seeing the EU in such crisis made some have second thoughts about being yoked to it — and increased worry among wealthy countries (like the UK) that they might have to help bail out less wealthy countries down the line.

The new European Union made it much easier for citizens of one country to migrate to another. And Britain’s foreign-born population skyrocketed after it joined.

Experts see two main forces driving this trend:                       

  1. The EU expanded to include post-communist countries in the mid-2000s, and people in those countries were poorer. Many of their citizens immigrated to wealthier countries — like the United Kingdom.
  2. The 2008 market crash hit some European countries especially hard. When people from those countries couldn’t find a job at home, their citizens went to find jobs in other countries — like the United Kingdom.

Last year, British Prime Minister David Cameron announced a referendum on whether Britain should remain in the European Union. That’s Brexit, the vote that happened. And by a slim margin, the British voted to leave the European Union.

Cameron announced his resignation because he was against leaving the EU, and he believed the country should have a leader who wants to take Britain in the direction voters have chosen. The vote doesn’t necessarily bind Britain to leaving the EU, but  it would have been politically bad.

Later Theresa May, from conservative led the Britain and invoked article 50, that means the intensions of leaving UK were clear.

The process will end till 29 th March 2019.

What is the focus of negotiations between the UK and EU?

The priority issues in negotiations are:

1) Agreeing what rights EU citizens already in the UK - and UK citizens living in the rest of the EU - will have after Brexit.

2) Agreeing a figure for the amount of money the UK has to pay the rest of the EU "to settle its accounts", when it leaves.

3) Working out what will happen on the border between Northern Ireland, when it is outside the EU, and the Republic of Ireland, which is part of the EU.

The EU says it wants to make decent progress on these three issues before beginning talks about what the UK's relations with the EU will be like after Brexit. Mrs May set out her negotiating priorities in the letter officially triggering the process of leaving the EU on 29 March.

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