Saturday, June 25, 2016
BREXIT
East Oregonian
Page 9A
Markets reel as world absorbs Brexit shock
Prime Minister
Cameron to resign
LONDON (AP) — Britain has jumped.
Now it is wildly searching for the parachute.
The U.K.’s unprecedented decision to leave
the European Union sent shockwaves through
the country and around the world Friday,
rocking inancial markets, toppling Prime
Minister David Cameron and even threatening
the ties that bind the United Kingdom.
Britons absorbed the overwhelming real-
ization that their anti-establishment vote has
pushed the British economy into treacherous
and uncertain territory and sparked a profound
crisis for a bloc founded to unify Europe after
the devastation of World War II.
“Leave” campaigners hailed the result as
a victory for British democracy against the
bureaucratic behemoth of the EU.
Conservative former London Mayor
Boris Johnson said “the British people have
spoken up for democracy in Britain and across
Europe,” while Nigel Farage, leader of the
hard-right U.K. Independence Party, said “the
dawn is breaking on an independent United
Kingdom.”
But for the 48 percent of British voters who
wanted to remain — and for the 2 million EU
nationals who live and work in Britain, but
could not vote — there was sadness, anger and
even panic.
At a London train station, commuter Olivia
Sangster-Bullers called the result “absolutely
AP Photo/Daniel Ochoa de Olza
disgusting.”
A journalist stands in front of the main display at the Stock Exchange in Madrid, Spain, Friday. Stocks plunged Friday after
“Good luck to all of us, I say, especially Britons voted to leave the European Union.
those trying to build a future with our chil-
back control of immigration — by abandoning
Leaders from across the EU voiced regret
Christine Ullmann, a German who worked
dren,” she said.
The decision launches a yearslong process the bloc’s principle of free movement among on the campaign urging other Europeans to inlected with anger at the British decision.
to renegotiate trade, business and political member states — and reclaiming billions that “Hug a Brit,” expressed a widespread sense Germany called top diplomats from the EU’s
six founding nations to a meeting Saturday,
of sadness and loss.
links between the U.K. and what will become the U.K. pays to Brussels each year.
“Remain” supporters said this was a fantasy
“What about Brits who believe in the and the president of the European Council,
a 27-nation bloc, an unprecedented divorce
that could take a decade or more to complete. of sovereignty in an interconnected world, goodness of their society who ind themselves Donald Tusk, said the bloc would meet
Cameron, who had led the campaign to one that ignored the beneits the EU, and EU in a society where they can’t travel and work without Britain at a summit next week to
freely in Europe?” she said. “I feel really sad assess its future. Tusk vowed not to let the
keep Britain in the EU, said he would resign workers, bring to Britain.
But for many “leave” for them. They’ve lost more.”
vote derail the European project.
by October and left it to
voters — who tended to be
“What doesn’t kill you, makes you
London Mayor Sadiq Khan reassured the
his successor to decide
older, less well-educated 1 million Europeans in the capital that they stronger,” he said — but noted that there was
when to invoke Article 50,
Britain exits EU
and less well-off than the were “very welcome here.”
“no way of predicting all the political conse-
which triggers a departure
other side — the vote was
“We all have a responsibility to now quences of this event, especially for the U.K.”
from European Union.
UK voted in a historic refer-
reclaiming a birthright.
Cameron’s largely self-inlicted downfall
seek to heal the divisions that have emerged
“I will do everything
endum to leave the
“It’s
a
vindication
of
was
a political tragedy of Shakespearean
throughout
this
campaign
—
and
to
focus
on
I can as prime minister
European Union, according
1,000 years of British what unites us, rather than that which divides proportions. He called the referendum largely
to steady the ship over
to tallies of official results.
democracy,” 62-year-old us,” he said.
to silence euroskeptic challengers, then
the coming weeks and
Jonathan
Campbell
James
staked his reputation on keeping Britain in the
Britain
would
be
the
irst
major
country
to
months,”
a
somber
Leave
52%
declared at the train station leave the EU, which was born from the ashes EU, warning voters on the eve of the refer-
Cameron said outside 10
in Richmond, southwest of World War II as European leaders sought endum that their choice would be irreversible:
Remain
Downing St. “But I do not
48
London. “From Magna to build links and avert future hostility. With “You can’t jump out of an airplane and then
think it would be right for
72 percent voter turnout.
Carta all the way through no precedent, the impact on the single market clamber back into the cockpit.”
me to try to be the captain
to now, we’ve had a slow of 500 million people — the world’s largest
His resignation announcement sparks a
that steers the country to
AP
evolution of democracy, economy — is unclear.
Conservative leadership battle in which Boris
its next destination.”
and this vote has vindi-
The result triggers a new series of negoti- Johnson is a leading contender.
He also said he had
Former Business Secretary Vince Cable
spoken to Queen Elizabeth II “to advise her of cated the maturity and depth of the democracy ations expected to last two years or more as
in our country.”
Britain and the EU search for a way to sepa- said Cameron had made a monumental polit-
the steps that I am taking.”
The vote also represented a cultural and rate economies that have become intertwined ical misjudgment that would now haunt him.
In a referendum marked by notably high
“There was a chronic failure to understand
turnout — 72 percent of the more than 46 political populism stirring across Europe and since the U.K. joined the bloc on Jan. 1, 1973.
Until those talks are completed, Britain will what can happen when you just throw the
million registered voters — “leave” won with beyond.
cards in the air,” Cable said.
Populist politicians including France’s remain a member of the EU.
52 percent of the votes.
Stock markets plummeted around the Marine Le Pen and the Netherlands’ Geert
world, with key indexes dropping more than Wilders hailed the result and called for similar
12 percent in Germany and about 8 percent in anti-EU votes in their countries.
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Donald Trump praised the decision during
Japan and Britain. Markets calmed and later
recovered some of their losses after Bank of a visit to one of his golf courses in Scotland,
England Governor Mark Carney promised saying Britons “took back their country.” He
to take “all the necessary steps to prepare for compared the vote to the U.S. sentiment that
has propelled him to presumptive Republican
today’s events.”
The Dow Jones industrial average dropped presidential nominee, saying “people are
611 points, or 3.4 percent, its biggest fall since angry all over the world.”
President Barack Obama said he talked
August.
The euro fell against the dollar and the to Cameron and believes the British voters’
pound dropped to its lowest level since 1985, decision speaks “to the ongoing changes and
plunging more than 10 percent from about challenges that are raised by globalization.”
The divisions exposed by the referendum
$1.50 to $1.35 before a slight recovery, on
concerns that severing ties with the single threaten to unstitch the complex fabric of the
PARA UNA NOTIFICACION EN ESPANOL,
market will hurt the U.K. economy and under- United Kingdom of England, Scotland, Wales
LLAMAR
O VISITAR NUESTRO WEBSITE.
mine London’s position as a global inancial and Northern Ireland.
Scottish First Minister Nicola Sturgeon
center.
Please read this notice carefully
The referendum result revealed Britain to said “Scotland has voted to stay in the EU,”
be a sharply divided nation: Strong pro-EU and a new referendum on independence from
Oregon Attorney General Ellen Rosenblum iled a lawsuit
votes in the economic and cultural powerhouse the United Kingdom is now “highly likely.”
against several manufacturers of liquid crystal display (“LCD”)
of London and semi-autonomous Scotland Scotland voted in 2014 to remain a part of the
were countered by sweeping anti-establish- U.K., but that decision was seen by many as
lat panels for illegal price ixing. The Attorney General has
ment sentiment for an exit across the rest of conditional on the U.K. remaining in the EU.
settled with all Defendants for a total of $21,505,000, and eligible
The EU exit would also complicate the
England, from southern seaside towns to
consumers are entitled to money back!
rust-belt former industrial powerhouses in the status of Northern Ireland, which shares a
border
with
the
Republic
of
Ireland,
an
EU
north.
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For many who voted “leave,” the act was member. Irish nationalists used the result to
a rebellion against the political, economic call for an all-island referendum to reunite the
If you purchased a lat panel TV, monitor or laptop with an
and social establishment and the derided two parts of Ireland after 95 years of partition
LCD
lat screen in Oregon between 2002 and 2006, you may
“experts” — including CEOs, artists, scientists into an independent south and British north.
But
nothing
matched
the
shock
of
many
be entitled to money! The device must have been purchased
and soldiers — who had written open letters
warning of the consequences of an EU exit, or in the capital, London, where more than 10
from someone other than the company that manufactured the lat
percent of the population is from the EU, and
Brexit.
panel component, such as from an electronics retailer or a device
Pro-Brexit voters were persuaded by the which voted by a large margin to remain in
manufacturer other than one of the Defendants. The purchase
argument that leaving the EU meant taking the EU.
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must have been for personal use, not business use.
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File a claim: Consumers need to ile a claim to obtain
beneits in this settlement. Claims can be completed online
at www.OregonScreenSettlement.com or by mailing the
claim form, available for download at the website, to the
Settlement Administrator. The deadline for iling claims is
September 20, 2016. State and local government entities will
receive a share of the settlement automatically and do not need
to ile a claim.
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More information about the lawsuits and settlements,
the claims process and the claim form can be found at
www.OregonScreenSettlement.com, by calling 1-877-940-7791,
or writing to: Oregon LCD Settlement, c/o GCG, P.O. Box 10240,
Dublin, Ohio 43017-5740.
This Notice is an oficial legal notice of the
Oregon Department of Justice
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