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FX.co ★ Prospects of UK exit from EU

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Forex Humor:::2015-08-03T09:56:00

Prospects of UK exit from EU

Greece is not the only country that poses a threat to the eurozone’s integrity. British Prime Minister David Cameron has already made several attempts to play the “exit from the EU” card. Encouraged by the Greek example, he looks forward to this way with great enthusiasm. While the referendum on the country’s EU membership was under negotiation ahead of the UK elections, today David Cameron is ready to set a date for the public vote. According to reliable sources in the government, the referendum could take place as early as June 2016. The acting Prime Minister is reported to believe that this is a good moment to start such changes. The European big bosses have already lived through the referendum in Greece and are ready for talks and changes more than ever. They can even make concessions on several substantive issues which London is particularly keen on. Besides, the latest UK economic data hit its highs that could serve as an additional argument in the upcoming negotiations. However, Brussels is rather negative about the prospect of the United Kingdom’s exit from the eurozone. Its current position significantly increases chances of adopting the reforms which the UK government is going to launch. Analysts are sure that the European Union will prefer reforms to farewell to the United Kingdom. The main contention includes issues about the greater autonomy inside the union and migration policy. We can only guess how it will end. It is well-known that the number of English people who vote for the UK membership in the EU totals 25% at the moment.

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