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Copyright 2014 by Attorney Carlos Gamino
Voters may not have been as informed as they should’ve been. After the polls closed, British voters flooded Google with questions such as:
- What does it mean to leave the EU?
- Which countries are in the EU?
- What will happen now we’ve left the EU?
- How many countries are in the EU?
So what are the answers?
What is the EU?
The EU, or European Union, is a political and economic union of 28 member states that are primarily located in Europe. It has its own currency—the euro—which is used by 19 of the member countries.
Which Countries Are in the EU?
1.Austria 2.Belgium 3.Bulgaria 4.Croatia 5.Republic of Cyprus 6.Czech Republic 7.Denmark 8.Estonia 9.Finland 10.France 11.Germany 12.Greece 13.Hungary 14.Ireland 15.Italy 16.Latvia 17.Lithuania 18.Luxembourg 19.Malta 20.Netherlands 21.Poland 22.Portugal 23.Romania 24.Slovakia 25.Slovenia 26.Spain 27.Sweden 28.The UK (until Brexit, that is)
What Will Happen When the UK Leaves the EU?
In order for the UK to leave the EU, the country has to invoke Article 50 of the Lisbon Treaty. The problem is that the article has only been in force since 2009—and nobody has tried to use it yet.
There’s still some controversy about what’s going on with Scotland, as well; that country voted to remain. Northern Ireland voted to remain in the EU as well, but critics want the whole island to unite and vote on a separation from the UK (an entirely separate matter). The vote itself had an impact on the U.S. economy, and Brexit itself would have an even larger effect. Volatile markets, such as Britain’s, slow our economy’s growth. It also triggers a strong dollar, which is bad for U.S. businesses that sell products overseas.
What Do You Think?
I’d love to hear your thoughts on Brexit. Was it a good decision or a bad one? Share your opinion on my Facebook page or on Twitter!
News from Attorney Carlos Gamino
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