June 24 2016
The land of my ancestors has voted itself out of the European Union. The result was 52%-to-48%, a margin of over a million votes — not as big as I would have liked, but certainly enough to put the decision beyond dispute.
Next comes a period of complex negotiation over the exact terms of departure, something that is supposed to take two years according to the Lisbon Treaty (the EU’s “constitution”), but will likely take longer in practice. Prime Minister David Cameron, a fervent supporter of the EU as most mainstream politicians in Europe are, has declared his resignation effective this autumn; it’s likely that Boris Johnson, a leader of the Leave campaign, will replace him and thus handle the actual negotiations.
Expect a few days or even weeks of agitation in various financial markets, fluctuations in the value of the pound, and predictions of doom and gloom of every kind from politicians, pundits, and the MSM.