Seeds: In the wake of World War II, six European countries (Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany) joined together to create the European Coal and Steel Community (ECSC). This group eventually became the European Economic Community (EEC) and the United Kingdom joined in 1973. Both of these organizations were created to merge European nations politically and economically in the hopes of creating a more unified and secure Europe. These European groups eventually led to the Maastricht Treaty, which created the current European Union (EU). The EU momentarily has 28 members.
Core: Today marks the beginning of the campaign period for the British referendum that will decide whether or not the UK should remain a part of the European Union. Those who endorse the so called “Brexit” believe that Britain’s involvement in the EU is a threat to the nation’s overall sovereignty. Alternatively, those who oppose Britain’s departure from the EU argue that the UK needs to be involved in a larger bloc of countries in order to maintain a global influence and economic stability.
Skin: Although American media has not greatly emphasized the potential impact of this referendum, it has recently caught the attention of some news sources due to President Obama’s upcoming trip to the UK, and his clear call for Britain to stay in the EU.
Leaves: The official day of voting on this issue isn't until June 23, but current polls show that the outcome is too close to call. If the UK does leave the EU, many predict the British economy will take a hit, but eventually rebound by 2030. Furthermore, the UK would be able to directly control the number of immigrants coming into the country for work.
Food For Thought: Do you think Britain should leave the European Union? Are organizations like the European Union healthy for the global economy?
Think we missed something? Tell us in the comments.