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What next for Europe as it faces its biggest ever crisis? I like this article. As the sun rose over Brussels this morning the European Union awoke to a new dawn. In what had seemed an ominous warning, lightning strikes and torrential rain had engulfed the city throughout the night. The metaphor seemed too obvious. In fact it proved to be brutally accurate. The European Union has woken up to face the biggest institutional crisis since its foundation. The organisation which was formed from the ashes of World War II as a political and trade community but morphed and expanded into something much, much more, was unable to face the scrutiny of its people when it came to a referendum. Just like the French, Danes, and Irish, when given the opportunity to vote on the EU project, voters rejected the EU. British voters have followed suit. But this time the implications are far more serious as a government has now been given a democratic mandate to withdraw from the bloc. While shock has greeted the British referendum result, the signs were there. anti- EU sentiment has been brewing throughout the bloc for at least the last decade, expressing itself in national and local elections across the continent where eurosceptic parties, both from the right and the left, have been gaining ground. The European Union received a significant warning just over two years ago. The European Parliament elections of May 2014 delivered unprecedented victories for anti-EU parties with eurosceptic groups topping the polls in France, Denmark, and Britain. Analysts, including many in Ireland, dismissed the results, arguing that most people had still voted for mainstream parties. But the fact that France, one of the founding members of the European Union, had seen Marine Le Pen top the poll indicated something was seriously wrong in the state of Europe. Today, the European Union must face the ramifications. In the short term, statements are expected from the European Central Bank to shore up the markets, with ECB president Mario Draghi insisting last week that the bank had contingency plans in place. The scheduled meeting between the three heads of the EU institutions and the Dutch premier this morning is expected to be followed by a series of emergency meetings throughout the day and weekend to prepare for the re-opening of markets next week, involving EU ambassadors, Commissioners and officials. A scheduled summit of all 28 EU leaders next Tuesday and Wednesday is expected to go ahead as planned, though a eurogroup meeting of finance ministers may be convened before then. MEPs are likely to be recalled. The next stages in negotiating the process of exiting the European Union constitute unchartered waters.
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