NewsTop News

Shock Brexit vote may affect AU, ECOWAS

0

 

David CameronAs UK Pime Minister Cameron resigns

 

By Nsikan Ikpe

 

The shock results from the Brexit vote in the United Kingdom will among other things have serious effects on integration efforts worldwide, experts are saying.

While the first casualty is incumbent British Prime Minister David Cameron who is to step down by October after the UK voted to leave the European Union yesterday, the thinking is that there will still be other ripple effects on what is left of the European Union as well as other similar integration initiatives like the African Union and ECOWAS.

Speaking outside 10 Downing Street, Cameron stated that he would attempt to “steady the ship” over the coming weeks and months but that “fresh leadership” was needed.

The PM had urged the country to vote Remain but was defeated by 52% to 48% despite London, Scotland and Northern Ireland backing staying in.

UKIP leader Nigel Farage hailed it as the UK’s “independence day”.

Other ripple reactions are economic. The pound fell to its lowest level against the dollar since 1985 as the markets reacted to the results.

Before the vote, Cameron had said he would take Britain into the European Union under the “special status” it now enjoys if it was not already a memberaffirming that though he had himself often been frustrated with the 28-member bloc, but that a vote to exit in a June 23 referendum would be a “self-inflicted wound” for Britain’s economy.

And on the political edge, controversial American presidential contender and presumptive flagbearer of the Republican Party in the November polls, Donald Trump, on a strangely coincidental trip to Scotland to visit his golf course, declares that the outcome of the #Brexit vote is indeed a “great thing”  

 

With Burkina Faso, Orange pushes harder to conquer Africa

Previous article

Why Ethiopia is one of Africa’s best performing economies

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in News