I agree partly with the first part of your sentence - the process has been & continues to be very inefficient - but not at all with the last. I think the British "Exit" vote has already had and will continue to have a very positive effect on the future balance and direction of the EU, with or without the UK as an ongoing member.
Entirely appropriate, imho, that the heirs of Winston Churchill are the ones to give the unelected mandarins of Brussels a good kick in the ass ! It's been a much-needed, EU-wide wake-up call.
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A UKIP candidate came to my ex-girlfriend's place when we were together campaigning. She is from Rwanda originally but Cambridge educated, about 5 foot tall and a genius psychologist. Those two grown men never reported what happened to them after they called her a bad word (not realising I was in the hallway).
I know people can be even lower than UKIP fanatics but.. so not surprised nobody knows what happened here either. But its clear Brexit is emboldening them.
Pound’s Safety-Valve Status in Jeopardy as Slide Accelerates
The pound risks turning from prop to pain for the U.K. economy as Brexit negotiations near.
Sterling tumbled the most last week since the vote to leave the European Union in June, as investors woke up to the fact that the U.K. government’s approach to Brexit may mean forgoing access to the single market. While the currency’s weakness has helped cushion the economy in the immediate aftermath of the referendum, the latest slide may carry more costs than advantages.
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The drop caused companies to downgrade profit forecasts, threatened to fan inflation, and also hinted at a further fall from grace for what was once the global reserve currency. The flash crash last week was more redolent of a frontier currency than the world’s fourth-most traded, and only Sierra Leone’s leone and the Mozambique metical have dropped more than the pound since the June 23 referendum.
While a weaker currency can give exporters a boost, those advantages can disappear when the slide is as fast and disorderly as sterling suffered last week, according to Nomura Holdings Inc. The pound’s 16 percent tumble against the dollar since Brexit may be part of a fundamental shift in the state of the U.K. economy that monetary policy alone can’t tackle, former Bank of England policy maker Adam Posen said on Friday.