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Britain’s Decided To Leave The EU. Here’s What Will Happen Next

Britons voted in a referendum on Thursday to leave the European Union. Following are answers to key questions on what will happen next in Britain’s relations with the bloc:

1. WHAT DOES IT ALL MEAN?

The EU is in shock and entering uncharted territory. No member state has ever left and Article 50 of the EU treaty, which sets out how a state can exit the bloc, offers little detail. Although it provides a sketchy legal framework for a two-year period of withdrawal, many fear the process can quickly become acrimonious, disrupting the economy and European affairs across the board.

Cameron has said he will notify the Union “immediately” that Britain is leaving by invoking Article 50. But it is not clear how quickly Britain will set that two-year clock ticking and the EU itself cannot, officials believe, trigger the process itself.

Source: Reuters

 

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What Would Happen If Britain Left The EU?

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