Brexit ongoing…

Facts from UK:

-          Political meltdown in UK – as no one wants to take the full responsibility and act

-          Unfortunately, the leaders of Leave camp admitted in after referendum aftermath that not all what they said in the campaign was really truth

-          Lafarge from UKIP didn’t hesitate to express his desire to be good friends, neighbors and trading partners with the EU. How ironic it is…

-          Leave camp doesn’t have any B plan

-          Boris Johnson likely to be put aside

-          David Cameron is trying to buy some time as he doesn’t want to be the one who uses the Article 50 of EU Treaty and starts formally exit process

Facts from EU:

-          Very clear disappointment from UK vote

-          Strong commitment to keep EU together from all 27 leaders

-          No formal or informal talks before Article 50 is activated

-          UK must accept and honor referendum results; can not bypass results to avoid exit from EU

-          UK can not cherry pick or used the facilities of the Club without being a member of it

-          UK must accept all four pillars of EU ( for example free movement) in order to keep the access to single market

-          EU is strongly pushing for quick activation of Article 50, so all settle das quickly as possible and uncertainty removed

-          Likely it won’t happen until UK has a new leadership in Sept/Oct 2016

-          EU Summit – special relationship will be on the table but not only Germany and France will play tough

-          Lots at stake at EU side as well – likely will try not to take hostile approach towards UK.

The character and maturity of the nations as well as individuals is being tested…

Mr Hawk