One consequence of the United Kingdom’s victory in securing independence from the super-state pretensions of the European Union may be to rejuvenate the EU itself.
Not that the UK, as a member state, posed an inexorable risk to the viability of the EU. Rather, Britain’s exit poses an existential question about its continuing viability: How much longer can the EU exist in its current configuration?
Already Brussels is scrambling to fill the €12 billion financial crater the UK, a third major contributor to EU coffers, leaves behind. Brussels bureaucrats are already imagining raising internal taxes and imposing external tariffs to meet their expenses.
Meanwhile, the “Frugals” (principally Denmark and the Netherlands) refuse to fork over more toward EU upkeep. Says one official, “No chance.”
How, then, can Brexit possibly be the EU’s savior? The UK’s exit gives every appearance of being the death-knell of the Continental project.
Therein lies the paradox. For Brexit not only dramatically upended the status quo in Britain, but it may also have the same effect on Brussels.
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See Also:
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(3) EU panic: Merkel and Macron to be issued huge Brexit blow by Donald Trump
(4) Macron’s Achilles’ heel exposed: One key area set to cost France in Brexit talks
(5) Interest rates plunge in disaster for savers: Lowest level in history – coronavirus latest
