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Could the Brexit Start a Domino Effect?

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Online trade in the Crypto Forex market, training of traders, Crypto investments, Crypto bank, floating spread. The surprising Brexit decision during the EU referendum last year sparked speculations of a domino effect all over Europe as this may set a precedent for member nations .

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Political parties in large European nations such as Germany have also conceded that the Brexit may at least initiate talks of reform within the EU, possibly offering contentions that may make it more enticing to keep the region intact.

Besides, a lot may hinge on the actual negotiations as all eyes and ears are on the UK and EU teams to see how nasty the proceedings could get. UK Prime Minister May has warned EU officials that making things difficult for the British may backfire on the rest of Europe since they might have more to lose.

Yet I know there are some voices calling for a punitive deal that punishes Britain and discourages other countries from taking the same path. That would be an act of calamitous self-harm for the countries of Europe. However, they are also mindful that letting the Brits have their way may encourage other EU nations to take the same path as well.

On the flip side, seeing members of the British negotiation team get grilled by EU officials may discourage Euroscepticism among other nations, as this may lead them to second-guess their inclination for breaking off with the union and standing all on its own. By the looks of it, more details on the benefits of EU membership may circulate in the coming months, possibly giving people cause to pause and think about the repercussions of leaving the union.

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However, they are also mindful that letting the Brits have their way may encourage other EU nations to take the same path as well.

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