PART 80 percent of UK depends on Europe for

PART (1) : BREXITThe most significant event in Europe since the fall
of Berlin Wall (1989), which will change Europe as we have known it for
years, was voting by the British People to leave the European Union
also known as BREXIT. United Kingdom joined European
Union in 1973, and it gave European Economic Community, the legitimacy
of the strong economic growth which characterized the years after the
second world war – lestrente glorieuses.  The Brexit vote
is likely to empower these constituencies further undermining support
for the EU. In addition, the Union solidarity will be fragmented as a
result of the Britishers voting opinion, opening up fissures that will
be difficult to close.Once Article 50 is triggered,the exit
negotiations will be difficult and potentially divisive, but are far
less important than the negotiations on establishing a new formal
relationship between the UK and the EU. Negotiations will only be
possible once the UK government has defined what sort of relationship it
wants with the EU-27. It will take time for EU to consider and evaluate
the requests of UK ; then for some sort of compromise deal to be found;
and, finally, for a treaty setting out the new relationship to be
ratified and implemented. As for example if the EU starts to charge
import tariff on UK then the prices of Food items will increase by 22
percent on average as 80 percent of UK depends on Europe for food. And
it is difficult to complete it by the time UK exit takes place. Unless
an interim arrangement, based on continued membership of the single
market, is agreed prior to the exit date, the UK and the EU will be
heading towards a “messy and hard exit”, with potentially very
disruptive effects for different economic sectors.But the May
government intends to take the UK out of the single market, which by any
reasonable definition is a “HARD BREXIT”. The best way by looking on
the circumstances would have been to follow a soft slow process, which
allows for adjustments during a longer period.Economists are saying
that Brexit would impose significant costs, primarily on the UK, but
also on the economies of the EU-27, with their severity varying from
sector to sector. Integrated production chains, for example in the
aerospace and automotive industries, will face obvious difficulties. In a
way this is restricting the free flow of capital between the continent
and biggest financial centre in the City would have repercussions, not
only for London-based financial institutions, but also for financing
opportunities across Europe. Businesses from all sectors should also
watch what happens to the rules for data flows across the Channel. now
this will affect EU as :After David Cameron, a new more anti-EU in tone administration can hammer blow to EU’s Unity.Brexit will make financial markets more sensitive to the vulnerabilities of the 19-nation euro zone.Anti-establishment
political movements, especially far-right parties in western Europe,
will take inspiration from Brexit. Opposition will now debate and
influence Government policies like Immigration etc.Brexit will
disrupt the EU’s internal equilibrium. With Britain out, the bloc’s
seven non-euro countries will account for only 15 per cent of EU
economic output, as opposed to more than 30 per cent with Britain in.The
biggest consequence of all, therefore, is that Brexit will undermine
the liberal political and economic order for which Britain, the EU and
their allies and friends around the world stand. PART (2) : i can divide my experience in sections as to places i visited and were important for our tour:Parliamentarium:
Learned about how the European Parliament works in and out,how European
unification took place& how Members of Parliament addresses current
problems of EU.House of European History: Learned about
Transnational overview of European history, what were the beliefs in
19th century and how it got modernized after wars and years of efforts.Parliament Room : Saw the Chamber where all the 751 MEPs have their debates and discussions. It was a different experience.National
Bank of Belgium: Learned about functioning and roles of Central Bank,
decisions about monetary policies & how Bank regulates the money
supply in Europe.European Commission: How legislation is proposed, decisions are made, and how day to day business of EU is managed.Economic
and Social Committee: Establishment of Single Market and how this
bridge between Europe and organized civil society functions.PART (3) :The
balance of power concept is about ensu European Union institutions have
been developed by member states to oversee governance and policy making
within the European Union ring that no single power becomes greater
than that of the rest in a system. When a great power emerges its power
must be balanced to maintain equilibrium within the system.The key European Institutions are : European Council, European Parliament, European Commission, European Court of Justice.The
various EU Treaties guide decision-making by the EU Institutions and
decisions are voted on by member states using a Qualified Majority
Voting (QMV). However consensus is required to make decisions in
practice. But sometimes decisions are taken the other way i.e.  a QMV is
used as in the recent financial bail outs, where a decision could have
been taken by consensus. This was done to ensure a desired outcome.
According to Baldwin and Widgren this is because member states go
through a mental process that Baldwin and Widgren have termed “shadow
voting”. This process sees member states making decisions as to their
likely success should they vote in a certain way and if they are
unlikely to succeed members opt for consensus instead of QMV (Baldwin
and Widgren 2003). Attempts have been made by the EU to improve the
decision making process through the Maastricht Treaty. However Baldwin
and Widgren point out that this is simply about enabling the EU to act
such as during the Yugoslavia conflict.To summarize European
Commission is said to be EU’s voice , that passes proposals to Council
of European Union which is the Member states’ voice and to European
Parliament which is citizens voice, and thus laws and policies
initiation.PART(4) :By the definition of state, it is
defined as a nation or territory considered as an organized political
community under one government.Though EU as a set of 27 or 28 nations comes under one hypothetical boundary and under governance of one set of EU institutions.The
European Union, because it is so large and consists of so many
characteristics of a typical state, is often mistakenly referred to as a
state or a country.The EU is a political system, BUT IT IS NOT A STATE!!!EU
has the institutions that together decides the policy and legislative
framework of EU, it has various interest groups and political parties
that its citizens can use to make a political demand. Decisions made by
EU affect the daily life of people, so their collective decision have an
impact on the society across the entire system. so it has a lot of
functions if you go by the decision of a state. but things that
differentiates European Union from being called a State is that European
Union does not have the power of coercion through police and security
forces. This power still belongs to the individual member states. In
other words, the EU relies on its member states to enforce the
regulations and policies made by the EU. In this way, the European Union
is much more decentralized than a typical state: instead of having all
power concentrated on one single authority, power in the EU is spread to
other parties, such as the individual nation states.Thank You.