The results are finally out. Despite David Cameron, the UK Prime Minister exhorting for UK to remain within the European Union, the ‘Remainers’ have not prevailed. Exit it is, from the EU. The active right wing groups in other EU countries have also triggered associated messages on WhatsApp…possibilities of Grexit, Departugal, Italeave, Oustria, Byegium etc…
While the naysayers have every right to have their say and 52 of them have said so, it is disquieting to note that 48 out of every 100 Britons wish to be part of the European Union. London, the financial capital of the world is looking at means to be still part of EU. It is also sobering to note that at a broader level, UK is a country of countries. England, Northern Ireland, Wales and Scotland. Each even has its own football team representing it at Euro and World Cups. Scotland had recently (in a referendum) voted to remain within the United Kingdom. In this Brexit Poll, 62% of Scotland wished to remain in the UK. With this Brexit decision, there may be renewed calls within Scotland to break away. The Highlands need not toe England’s line, or for that matter the other Lands in the ‘Island’.
In 2014, the EU had 7.3% of the world’s population and contributed 24% (nominally) and 17% (at purchasing power parity) respectively of the global GDP. In absolute terms, the nominal GDP of EU in 2014 had been US $ 18.5 Trillion. UK’s GDP (2015) had been in nominal terms $ 2.8 Trillion and in PPP terms, $2.7 Trillion. (source: Wikipedia. Also for comparison, India’s GDP in 2016 in nominal and PPP terms is $2.8 Trillion and $8.6 Trillion respectively).
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