Brexit? So what exactly is it?

We have recently witnessed Brits voting to get out of EU that they joined in 1973. There was no referendum when Britain along with Denmark and Iceland joined EU.

The recent referendum has made it clear that Brits want to get out of EU and they see that staying with EU is effecting their cost of living, their jobs etc.

Brexit, short for Britain + exit as coined by the guys following the situation, has shown a huge impact on Britain economy and world economy. Pound, the official money for UK before Euro, has plunged to 31 years low. Markets worldwide have tumbled by more than 10% and now are slowly recovering.

So, what exactly is Brexit? These awesome guys have summed it up in a simple video. Watch it here.

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