Please, anybody elaborately discuss the possiblity of Britain exit from EuroZone, its impact regionally and globally as well as threats to the world political system and economy.

http://www.investopedia.com/terms/b/brexit.asp
Brexit, Lexit, Frexit, and Grexit dude add it in the aforementioned list.
When democracy is replaced by iconoclastic ideas of cartel based industrialization and monopoly of troika becomes self evident than it becomes quite evident that common people suffers the most.But it is general elections of Britain where sweeping victory of Scotish party ensured the antiausterity and anti europeanisation model.Auseterity in simple words is massive cuts in jobs ,social welfare and retirement funds.The remedy of shock wave therapy is meant to promote the vested interest of troika,(imf,usa and Brussel based europeanization).Brexit means exit from european union but it is not as simple and easy as proposal is made.
Hope it will fix the exit of Grexit,Frexit, and my favourite term Lexit;because im bit leftist.PEEPeee

got it

Hi Ursula, As now, Britons have voted for BREXIT, what are your comments regarding the questions like "Role of London as Global financial capital", "Looming threat of demand of referendum from Scotland, "falling Pound", " need to renew all trade treatise with EU" "Threat of Hard measures against Britain by france and Germany to stop spreading Eurosceptic across Europe" last but not least "Threat of disintegration of EU as it is going to loose 5th largest economy of the world, huge military force, VETO vote at UN and 6th of its total economic output.....

Hi Faiza,
Though your question was specifically for Ursula, if you don't mind, I want to add to the ongoing discussion.
Brexit has only ensured sovereignty for the British and cost them much. Though they were depositing millions of pounds to the EU for their membership, what they were receiving was far more.
* EU was financing their technology and research projects.
* The British enjoyed economical foreign holidays throughout Europe.
* They didn't need volatile diplomacy to secure trade deals. EU was there for the purpose.
* There are around 3.5 million British who are employed in EU countries, and who are going to lose their job soon.
EU will lose too::::
* After Brexit, some other countries seem fed up with the dictatorial bureaucracy of EU which is always up to brutal imposing its policies upon the member states.
* Advocates of sovereignty look Brexit as an example to be used for their own benefit.

The crux of the discussion is that EU seems to collapse soon as Grexit and Frexit seem inevitable.

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Verily, His command, when He intends a thing, is only that He says "Be!" - and it is! (Al-Quran)

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Thank you Muhammad Ahsan for sharing your point of view.

I mentioned Ursula because she was in the discussion but discussion is open for everyone

Back to the topic.....
I totally agree with your every point. Both sides are going to loose one thing or another in the short run. However, in my opinion, matter is far more worse for EU than it is for England. England is developed country. It has a nation whose mindset is far more progressive. They are able to counter any difficulty arising from the situation. Next few years will be harder for them but they will eventually sail the tide. They will quickly engage the whole world and as would be independent from EU, it would be the victory of ENGLAND. Now, on the world stage, we must assume, another very strong player will emerge in next couple of years.

As far as EU is concerned, its future is bleak and cracking voice is very loud now. Wait for some more surprises in next few months......

what would be the long term effects of BREXIt

Yes Faiza, you are right. England is strong enough to fight back soon.
It seems something more dramatic is going to happen.
Actually the British were lead to believe by Farage and Boris Johnson that there country was going to be bombarded by Turkish immigrants due to EU-Turkey deal on refugees. Most of the British didn't know the aftermath of Brexit. Now there are rumours that people who voted for Brexit have realized, after the media exposed the repercussions of leaving, the effects of their decision. And they, reportedly, want another opportunity to change their decision. It means another referendum may be on the way.
It is vital to consider that except the American Presidential candidate, Donald Trump, everyone else from the international community has seen the decision as destructive for Europe.

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Verily, His command, when He intends a thing, is only that He says "Be!" - and it is! (Al-Quran)