Brexit refers to the possibility of Great Britain deciding to leave the European Union. The term is an abbreviation of British Exit, and originates from the term Grexit when Greece considered the same thing. The referendum will be held on June 23rd, where the voters will decide whether Britain should stay or go. The only thing that is certain is that the short term consequences will be negative. I agree that the European Union in its current state is flawed in several ways, but I do believe that the long term effects of a Brexit will be negative for both UK and the EU.
