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Brexit is bound to have a lm economic effect all over the world. Hopefully, it does not have the negative impact of the 2008 collapse had and that everything smooths over after a few months.   I remember taking a world geography class in college where we learned about the other failed attempts to make a unified Europe.  Certainly more lax trade in Europe would benefit everyone. Or at least for the Europeans. Easier travel would be nice to if I lived in Europe. Unfortunately, as good as an idea as it was I think it was doomed to fail from the beginning. Last I heard there were at least six failed attempts at forming a European Union. At some point they need to see the writing on the wall.

I think part of the problem is when they start bringing in financially unstable countries and then have to bail them out. Like Greece! From a historical approach Greece has been unstable financially. Not through any fault of the citizens. Mostly, through politics. Let’s face it, Greece has a big tourist base to boost it economically. Everyone wants to see Greece and eat Greek food. Greece has needed bail out money to prop it self up. Greece needs to get new leaders in place and get its economy back on track.

Sadly, this all affects the world economy because many countries are interdependent. The U.S. economy has already taken a hit just on the vote alone.  Which is sad that the stock market would react that much before anything more than a bite has been done. They are estimating that it could take a few years before Britain would fully leave the EU. Yet it affects the economy in the present. Hopefully it does not turn into 2008 all over again.

Yahoo Finance

NBC News

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