18:08 GMT27 January 2021
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    US President Barack Obama said Washington respects the decision of the British people to leave the European Union and noted that the special relationship between the two countries would remain. However, political expert Michael Hudson told Sputnik that it was Obama and his policy in the Middle East that made the British people vote out.

    British Prime Minister David Cameron turns to leave after making a statement to the media outside 10 Downing Street in London on February 20 , 2016.
    © AFP 2020 / Justin Tallis
    According to the President of the Institute for the Study of Long-Term Economic Trends, Barack Obama and the US' aggressive foreign policy resulted in massive flows of refugees that terrified Europe and Britain in particular.

    "I think that Obama is really more responsible than anyone else for the British vote," Hudson told Sputnik. "Obama's […] militarism kipped the balance," he added.

    On Thursday, the United Kingdom held a referendum to determine whether the country would remain a part of the EU bloc. The results of the referendum, which were revealed on Friday, saw the Leave campaign win almost 52% of the votes and prompted PM David Cameron to announce his upcoming resignation.

    "I think that many voters in England didn't want that kind of future that Europe offered. For the economy it means that the euro zone is turning into a debt zone. It's going to continue to be run by austerity and I think one of the things that pushed the no-vote in Britain was the fact that they said: we need our own central bank to create our own money. We want to avoid austerity and if there is any way of avoiding austerity it's to not join with the euro," the expert said.

    Although a majority of Northern Irish voters supported retaining membership of the 28-nation bloc, support for Brexit in England and Wales outweighed resistance to the move in Northern Ireland and Scotland.

    "I think what kipped the balance in the last few days were all of the banks and leading businessmen saying it would be a disaster for England to leave. And that let the voters say: We want a disaster for the banks, we want a disaster for you, guys," the expert said.

    According to the expert, the withdrawal from the European Union could have positive consequences for the country. It would stop the inflow of migrants, weaken the power of the banks over the rest of the economy as well as strengthen other economic sectors.


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