The Clare Champion Clare news, sport, entertainment and local notes
CLARE TD Pat Breen has claimed a European recession could follow if Britain votes to leave the EU. “If the UK votes to leave the EU, we will find ourselves in unchartered waters. There is no precedent for such a move. No other country has ever sought to exit the EU. Article 50 of the Treaty on European Union would come into play. Under this article, a country would automatically cease to be a member of the EU two years after it lodges official notification to withdraw if, in those two years, there is no agreement by the UK or member states to extend the date or a withdrawal agreement is set at a different date. Either way, there would be huge uncertainty and given the volatility of the markets, it is more than likely that the uncertainty would precipitate another European-wide recession.” He said travelling across the border could become more difficult. “Could Brexit mean the return to border …
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