Cameron sub­mits be­fore peo­ple’s ver­dict

Pakistan Observer - - EDITORIALS & COMMENTS -

THE de­ci­sion of the Bri­tons to leave the Euro­pean Union has sent shock-waves not only to 27-mem­ber block but also to all cor­ners of the globe be­cause of its po­lit­i­cal and eco­nomic ram­i­fi­ca­tions. Though there was neck to neck fight be­tween those in favour of leav­ing the EU and those wanted to re­main within but the clear cut edge that Brexit got in the Ref­er­en­dum is hard to digest for many of the Bri­tish peo­ple and those in Europe and other coun­tries of the world.

It will ob­vi­ously take some time to an­a­lyse fuller im­pact of the ver­dict to pull out of the EU but the way dif­fer­ent stock mar­kets and cur­ren­cies re­acted is clear man­i­fes­ta­tion of the neg­a­tive fall­out. Un­cer­tainty pre­vails even among Bri­tons who are not fully sure whether or not they would be well off by dis­as­so­ci­at­ing from the or­ga­ni­za­tion. The out­come of the ver­dict high­lighted re­gional split within the UK as well with Scot­land as­sert­ing that it can­not be forced to leave the EU against will of its peo­ple who voted in favour of re­main­ing within the Union and there were im­me­di­ate de­mands for an­other vote for in­de­pen­dence from UK. There are also ques­tion marks about fu­ture of the EU it­self as de­mands sur­face in dif­fer­ent mem­ber coun­tries to have Ref­er­en­dum there as well on the is­sue of re­main­ing or leav­ing the Union. Apart from neg­a­tive im­pact of the ver­dict on UK and the EU, coun­tries like Pak­istan would also suf­fer in terms of trade and im­mi­gra­tion as ap­pre­ci­a­tion of Ja­panese Yen and de­pre­ci­a­tion of Euro and Ster­ling mean un­fore­seen trade losses be­sides dif­fi­cul­ties for Pak­istani na­tion­als in the back­drop of pos­si­bil­ity of harsher im­mi­gra­tion rules by UK in post-EU phase. In the mean­while, UK’s Prime Min­is­ter David Cameron an­nounced to quit in few months fol­low­ing defeat of the camp that wanted to re­main within the EU. Al­though it was not a per­sonal defeat for him but on high moral grounds he thought there was no point for him to stay in power af­ter defeat of his point of view. Strictly speak­ing, in any third world country a Prime Min­is­ter would have dragged on claim­ing it was a vote on a par­tic­u­lar is­sue and had noth­ing to do with his own per­son. But Bri­tain is con­sid­ered to be mother of democ­racy and Cameron has up­held demo­cratic tra­di­tions by an­nounc­ing to bow be­fore ver­dict of the peo­ple. This is real democ­racy.

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