Britain’s Tarnished Sterling: A Global Warning for Theresa May on Brexit
At 7:07 last Friday in Hong Kong, the British pound suddenly plummeted: In the next two minutes it fell 6.1 percent, to $1.18, its lowest level since 1985. In the next half hour, it regained most of the loss, ending…
How the Brexit Killed Britain’s ‘Pay as You Go’ Policy
There go George Osborne’s dreams. Whatever the other consequences of the June 23 Brexit vote may prove to be, Britain’s ever-embattled chancellor of the exchequer just lost his long war for deep spending cuts, reduced social services, and annual surpluses…
Don’t blame Brits for the Brexit: The EU strayed from its roots in post-war unity to become a neoliberal technocracy
There is no understanding the Brexit vote without understanding the ideals and purpose the EU discarded Countless thoughts tumble forward as news of Britain’s vote to leave the European Union sinks in. Among the larger of these is one that…
After the Brexit, Breaking Up Is Hard to Do
Britain’s stunning decision to leave the European Union marks Europe’s rude awakening from its long dream of perfect unity. That is decisively over now, and a cold dawn awaits. The EU flag will have one less star in its circle…
3 Ways Cameron Can Unify Britain If Voters Reject Brexit
When polls close tonight on the national referendum on European Union membership, Britons will choose to remain in the EU or they will choose a “Brexit.” But this vote will stand as a huge defeat for Europe either way. In…
Britain’s Likely to Remain in the EU — but Then What?
Britain’s June 23 referendum on its European Union membership is wracking the world’s nerves now. And no wonder: As every world leader to weigh in on the question asserts, the negative consequences of a British exit—political, diplomatic, financial, economic, and…
Here’s the Bad News for America If Britain Leaves the EU
In a little more than a month, Britons will decide whether to remain in or leave the European Union—a choice that could shift alliances, economies and trade agreements throughout the developed world. Americans have a big stake in whether the…
Greece, Britain, and the EU: A Tale of Two Exits?
A step at a time over the past seven years, the true victim of financial, economic, social, and now political crisis has emerged. No, it’s not the Greeks, or the Spanish or Portuguese, not the Irish or the Italians: It’s…
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