BREXIT – what next?


The podium seen before Britain's Prime Minister David Cameron held a news conference at the end of the first day of the European Summit in Brussels, Belgium, 28 June 2016.

BREXIT – what next?

As I understand the situation, it is for the UK to trigger the formal negotiations to exit from the EU. Of course, the timing of that critical decision will be the subject of intense negotiations, but at present, it looks like the UK will try to delay the request to negotiate under Article 50 of the Treaty on the European Union until October 2016.

Then what happens?

Article 50 foresees a severance period of up to two years for the EU to make an agreement with the departing Member State. Du...

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