EU Chief: Brexit Would Change Europe Forever for the Worse

Highlighting the European Union’s love-hate relationship with Britain, major groups in the EU legislature on Wednesday urged Britons to vote to remain in the EU but chided their prime minister for hijacking the bloc with a local “glorified cockfight” that could fundamentally undermine its unity.
EU Chief: Brexit Would Change Europe Forever for the Worse
EU President Donald Tusk gives a joint press during an European Summit at the EU Headquarters in Brussels on Feb. 20, 2016. (John Thys/AFP/Getty Images)
The Associated Press
2/24/2016
Updated:
2/24/2016

BRUSSELS—Highlighting the European Union’s love-hate relationship with Britain, major groups in the EU legislature on Wednesday urged Britons to vote to remain in the EU but chided their prime minister for hijacking the bloc with a local “glorified cockfight” that could fundamentally undermine its unity.

EU President Donald Tusk insisted that an “out” vote in the June 23 British referendum on EU membership would “change Europe forever. And it will be a change for the worse.”

His comments were echoed by many legislators from across the 28-nation bloc as they assessed one of the biggest votes in the 58-year-history of the EU.

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ALDE Liberal leader Guy Verhofstadt had the answer.

“This deal is not about Europe, it is a deal to reunite the Tory party,” he said.

The referendum in Britain is expected to be hard-fought, especially within Cameron’s own divided Conservative party. The stakes rose after popular London Mayor Boris Johnson, a fellow Conservative and possible future prime minister, announced last weekend that he would join the campaign urging voters to back leaving the EU.

Cameron is the top politician promoting the “stay” side.

“What I am seeing is a glorified cockfight,” said Verhofstadt, claiming that Britain is disregarding the common European good to focus on domestic concerns.

Seen from the continent, it has often been thus. After Britain joined in 1973, Prime Minister Margaret Thatcher was soon campaigning to get “a very large amount of our own money back.”

Continental nations like Britain for its military clout, its diplomatic prowess and its powerful economy. EU countries like the Netherlands and Sweden have also embraced Britain’s free-market approach.

But Britain’s lack of commitment to Europe has remained a sore point to this day.

“May I give also an advice: Don’t think that after a ‘no’ you can come back,” Verhofstadt said, despite expressing a wish for Britain not to leave in the first place.

British businesses are also fearful of a departure from the world’s largest trading bloc.

The pound was hovering at seven-year lows against the dollar Wednesday as investors tried to hedge bets ahead of the upcoming vote on EU membership

The currency fell to $1.3930, the lowest level since March 2009. The pound first began to drop after Johnson announced his “out” stance.

The currency pressure comes as Britain’s former military chiefs argued in a letter in the Telegraph newspaper Wednesday that Britain would be in a stronger position to deal with security threats from within the EU.

The former Royal Navy, Army and Air Force leaders says they were worried about the rise of the Islamic State group, instability in the Middle East and Russian nationalism.

Budget airline Ryanair also came out in support of continued EU membership, with chief executive Michael O'Leary saying “the U.K. economy and its future growth prospects are stronger as a member of the European Union.”

O'Leary said Ryanair would “invest less in the U.K. if it’s not part of the European Union” and would focus more on central European countries such as Poland, the Czech Republic and Slovakia.

The airline plans to runs pro-EU newspaper ads and is considering printing pro-EU messages on its aircraft.