It’s certainly not great news for Canada as our ability to close the CETA deal is in jeopardy without England in the EU. This comes down to primarily a border issue, so the “leave” side can thank Merkel for this. From a free market standpoint, it isn’t great news either if you are involved in cross border businesses. Ultimately, the financial services industry in London will face tougher competition now from places in the EU that they didn’t face before as an economic member.
Trump really played this smart, flying to Scotland and completing the opening of his golf course the very day the Brexit vote would be announced. Therefore, early in the morning North American time, he gets the early air play even in the UK I assume there will be some clips of Donald talking about his opinions. Noone even recognizes the coincidence in timing, instead, the pundits talk about how he has taken the time on air to talk about his golf course, but I think he WANTS media to believe he is there to talk about his golf course, when in fact, it’s a veiled opportunity to talk about the Brexit vote without appearing to interfere or inject his opinions.
The EU was in trouble the moment they took in smaller, weaker economies such as Greece and allowed them to share their currency. It has become worse over the last few years with the rise of terror. People act irrationally at times and I believe this probably isn’t a smart decision.
Just my two cents. The greatest contributor to this exit is on the lap of Merkel. The immigration issue is becoming a major issue in Europe, this is obvious even an ocean away to anyone following the news.