Brexit- Fair Or Unfair

Brexit!!!Brexit!!!Brexit!!!

Hey, are you like me who doesn't know what the hell is going around with this word ???

Well don't worry I have a bit of information which will help you know what exactly 'BREXIT' is -

     

First and foremost Brexit is British's exit from EU, i can sense the very next question coming to your mind - "now where in the world this EU stands". EU stands for European Union,

European union is a politico-economic union of 28 member state basically located in Europe viz:- Great Britain, Germany, France, Spain, etc. All the member countries has to follow the guidline set by the Council of European Parliamant moreover each and every country has to accept Euro (€) as the only currency. However, some countries being in europe doesn't use Euro as their currency. Well there are always some exception, punintended!!!!

All the member countries of the EU have to contribute 1% of their GDP which is nominal, however whose share is more will enjoy more profit and dominate the whole Union, hypothetically. Yes!!! you got this right, highest share in EU is of United Kingdom. So that means highest shareholder of the union is left-out which will ultimately have a great impact on European Economy; OMG!!! Apart from membership fees EU also emphasis on Trade regulation, every country has to follow uniform guidelines while trading with Foriegn countries, there should be a sense of unity which will be a gain for everyone. 

Now lets come to the main point why should we give a damn!

Firstly, Not only the Indian companies who has their setup in UK will affect but also the Indian Companies who has their operation in UK will suffer a great loss as they will have to find different channels to trade in European market. Hence here is the news for the common man i.e. Gold price will rise and oil price will decline #mixed emotions.

Seriously man, this is a historical decision, no one has ever dare to leave the European Union before. After Brexit, Germany & France facing a huge problem as it need to manage the whole EU on their own and on the contrary support the other member countries who are economically weak moreover its has been in air that other members are also planning to leave EU after UK. If this happens then not only the value of Euro (€) will fall by 25-65% but also the GDP of $5Trillion will get vanished from the world economy which is twice the GDP of India (2.4Trillion).

Do you remember the 2008's recession, when the value of publicly traded companies declined from $64Trillion to $24trillion but you have to note one thing, at that time it was only few companies, now we are talking about 28 countries. Well actually the British Government has outrage its own econmy with great finesse. The Government raised a public poll on such geo-political complex issue, I mean who does that???......may be those who look after their own interest or you can say 'the egoist'- no offense!

     

However, paradoxically Britishers say that EU were trying to impose various restriction and were forced to follow Euro(€) and dissolve their own Currency Pound(£) which is leading the world economy, well what I think is if it is true then EU is either being sarcastic or else they have lost their mind.

Well now what's going to happen, will 2008 repeat itself or British Government will state general election to bypass the public poll inorder to save the world or else we are going to face a global recession???

         

 Let's wait and watch!!!!