The Day Europe shrunk: Brexit and LSE-Deutsche Boerse

March 29, 2017 will be remembered as the Day Europe shrunk. The letter of Prime Minister Theresa May initiating article 50 of the European Treaty is delivered today. Article 50 was aiming at countries that would become dictatorships or not respect human rights. “It seemed to me very likely that a dictatorial regime would then, in high dudgeon, want to storm out. And to have a procedure for storming out seemed to be quite a sensible thing to do — to avoid the legal chaos of going with no agreement,” the writer of the article Lord Kerr said. It was never conceived as an exit strategy for legitimate Member States. Whatever the intention of the legislator was, the text was ambiguous enough to allow Brexit. Read More