England has absolutely shocked the world with a historic vote that has them leaving the European Union – no country has ever left the EU since it began.
The U.K. is poised to leave the European Union after a historic referendum, official results showed Friday, setting the stage for an unprecedented and messy untangling with far-reaching implications.
Electoral officials said early Friday that the “Leave” campaign had racked up 17.4 million votes — compared to 16.1 million backing the status quo. That gave “Leave” 51.9 percent of the ballots against 48.1 percent for “Remain.”
The vote for an exit — or “Brexit” — sent shockwaves through global markets. The pound plunged to $1.35, its lowest level since 1985.
The EU now finds itself in uncharted waters: No nation state has ever left the bloc. It also serves as an indictment of Britain’s government and a barometer of domestic fears about immigration and the economy.
Critics of the EU noted that it began as a compact for free trade agreements, but quickly became a despotic unelected governmental body that took more and more of the sovereignty away from its member states.
In the wake of the monumental decision, right-wing groups are demanding referendum votes in other countries as well, making the future of the European Union very shaky!!! READ MORE