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…
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…
Despite Cameron’s ‘Deal,’ a Brexit Could Still Cripple the EU
Prime Minister David Cameron cut his deal with the European Union late last Friday, making Britain a nation of “Ins” and “Outs” for the next five months. Should the EU’s most powerful member remain part of the union or go…
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…
The Tory Victory Puts Cameron in the UK Hot Seat
The resounding victory in British elections last week giving Conservatives their first absolute majority in the House of Commons for almost two decades is the last thing Britain needs now. This is not a straight-out political judgment regretting Labor’s defeat…
Why ‘Bravehearted’ Scots Will Vote for Independence
Remember Paul McCartney’s odd protest song after Ireland’s “Bloody Sunday” in 1972? “Give Ireland back to the Irish,” it went, “make Ireland Irish today.” Now it’s Scotland’s turn. The Irish got it done with generations of grinding violence and then…
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