Tuesday 25 April 2017

Anti-EU election in France





In the first round of the 2017 French Presidential election no candidate won a majority. As a result, a run-off between the top two candidate will be held on May 7th, 2017.
Marine Le Pen's Politics is focused on immigration, as she want to protect French workers. She is less open market than Emmanuel Macron, who is more open borders.
In other words, on May 7th,  2017 French people will vote to leave or remain in the EU. And if France will leave the EU, who will be the next? As it is known, the UK will leave the UE in two years and Czech Republic has just announced to leave the Euro system.  

Wednesday 5 April 2017

Cloud of uncertainty over Scotland which leaves the EU

After the UK's Prime Minister had triggered Article 50 of EU Treaty on March 29th, 2017, some Scottish policy makers explained once again how is important to leave the UK through a new independence referendum. And since June 2016 most Irish people have been thinking what happens if Scotland remains in the EU by leaving the UK. Like Scotland, the majority in Northern Ireland voted to remain in the EU. Not surprisingly, Northern Ireland may become an independent state of the EU in its own right, considering that its territory is larger than some existing EU members states, such as Luxembourg and Malta, It may become an independent state of the EU in its own right.
Most economist had assumed that after the vote to leave the EU the British economy will slow sharply. Of course, the UK will pay tariffs on goods and services it will export into the EU. And British business leaders are already afraid the UK will not be an attractive place to do business. 
According to figures, half of British exports are to the EU. As consequence, it is easy to know the impact of Brexit on the UK. For instance, British car makers, who are the UK's biggest exporters, have warned that the UK's departure from the European Union poses the “biggest threat in a generation”.
With regard to Scotland, three out of four its international trading markets are in the EU (France, Germany, Netherland, and USA). With food and drink exports reaching over £ 5 Billions, Scotland products are in demand in the world over.  As a matter of fact, Scotland is the third largest producer of farmed Atlantic salmon in the world, and Scotch whisky account for almost 80% of Scotland's food and beverages export market.
In this perspective, Scottish Prime Minister  recently said she is "fairly certain"  there will be a second referendum on Scottish independence, considering the cloud of uncertainty  over Scotland's future.