The first official results of the vote will be announced around noon. Besides the outcome of the vote, there are a number of uncertainties, writes News.ro, citing Reuters.
Prime Minister David Cameron said he would notify “immediately” EU if Britain will come, but may need a few days.
As most British exit from the EU voted for Cameron will be subject probably under tremendous pressure from the Conservative Party or to resign. He might be forced to resign.
Financial markets will be volatile. Bank of England and European Central Bank have already developed plans to cope with a possible “Brexit shock” that would damage British pound and euro.
Ministers for European Affairs and Ambassadors of Member States shall be gathered Luxembourg at 10 local routine discussions that will provide the first chance for many to react.
Germany, France and the EU institutions will react to the outcome of the vote. The foreign ministers of the six founding members of the bloc – Germany, France, Italy, Belgium, Netherlands and Luxembourg – would be met on Friday in Berlin, officials say.
European Commission President Jean-Claude Juncker, head of the EU Executive will meet with European Council President Donald Tusk, who chairs EU summits, and with European Parliament President Martin Schulz in Brussels at local time 10.30 (11.30 GMT) . Will be present and Prime Minister of the Netherlands, Mark Rutte, whose government holds the rotating presidency of the EU to take note of the situation and to send a message.
According to analysts, all messages sent will have three leitmotifs. The first will be regret for the loss of almost a fifth of the EU economy, a large part of the defense force and face diminishing global influence. The second will respect the will of the British people. And the third will be to determine to continue the European integration.
“The show must go on,” said a senior EU official.
There could be a fourth message. There will be threats of harsh repercussions for those who want to go, meant to discourage others to follow British.
SECOND DAY SATURDAY, JUNE 25
Some finance ministers of the Eurozone have suggested it could be an emergency meeting of the eurogroup, but senior officials have said that this is unlikely, because the European Central Bank and other institutions will be charged with administering the fray.
THIRD DAY, SUNDAY, JUNE 26
European Commission President Jean-Claude Juncker will chair an emergency meeting of the 28 commissioners, including the British, Jonathan Hill. The Commission will be responsible for negotiating the “divorce”.
EU officials insist that there is no “Plan B” for Brexit, statements reminiscent of the last summer, when Greece was on the verge of being excluded from the bloc. A source says backstage discussions there will be a “Sala B” where a team of lawyers and experts will be ready to take over EU talks. “The idea is that everything will be ready for months,” the source explained.
FOURTH DAY, MONDAY, JUNE 27
Start of a new week on global financial markets will allow investors and voters to demand clear answers on where the heads of EU and UK. Both London and Brussels will provide insurance in connection with the launch of negotiations organized. They will also emphasize that nothing will change in the short term, neither for companies nor for citizens.
FIFTH DAY TUESDAY, JUNE 28
To take place an EU summit 24 hours.
David Cameron’s political career might end, but the prime minister will probably remain in office until his party deeply divided, will choose a successor. He would attend a dinner in Brussels.
The big question will be if you take the opportunity to notify him officially on the summit chairman, Donald Tusk, that activates Article 50 of the EU Treaty, the legal basis for Britain to leave the bloc.
Meanwhile in London, the pro-Brexit might try to stall and to challenge the legitimacy of Cameron to launch the process.
EU officials and diplomats say they would like Britain to immediately launch the process of exit and have ruled out any new negotiations, but do not see, for now, no legal method by which to force the hand of London.
EU Treaty does not allow exclusion from the bloc, but there will be an intense political pressure as London willingness to respect voters and the other 27 Member States could begin talks without Britain.
Where most Britons would vote against Brexit, summit participants will discuss the rapid implementation of the reform package agreed in March, which provides a number of advantages to London on the EU.
SIXTH DAY WEDNESDAY, JUNE 29
In the second day of the summit, leaders of the other 27 Member States will meet without Cameron. The EU will have to find ways to cover the hole left in the budget to exit the UK and to inform EU citizens of the UK and mainland Britons about their future rights.
EU leaders could exert pressure for a quick proof of unity and greater integration. Divisions between Paris and Berlin on euro zone administration will probably impossible, a set of major measures before elections in both countries in 2017. But could resume talks on closer cooperation in the defense field. Moreover, a review of European security policy are already on the summit agenda.
Among other initiatives, aimed in particular to counteract chances Eurosceptic candidate Marine Le Pen in France’s chairmanship in 2017 could include measures to create more jobs, especially for young people.
However, there are voices, including European Council President Donald Tusk Polish, which warns of a removal voters by accelerating the pace of integration.
EU leaders must give the Commission a negotiating mandate for the EU out of London. Part of Britons believe that talks for Brexit might take more than two years, to include the negotiation of new trade agreements. But an extension would require the unanimous agreement of EU member states in Brussels and few expect this to be possible.
Some experts suggest that negotiations with Britain on trade agreements with the EU could take place in parallel with the output. On the other hand, Juncker said that the EU’s priority will be divorced in two years, then starting negotiations from scratch.
The seventh day, THURSDAY 30 JUNE
After the shock Brexit site, citizens will begin to realize that things remain, for now, unchanged. All EU laws will still apply in the country for another two years after London triggers the output. Meanwhile, British MEPs remain in the European Parliament Hill remains commissioner and thousands of Britons will continue working in the EU institutions. British ministers will take part in further councils, but their voice will not be heard. In addition, London will give up to take over the EU presidency in the second half of 2017 as scheduled.