Britain’s Brexit battle
In a stunning development, British voters have voted to leave the European Union.
During the weeks building up to Thursday’s EU referendum, aka the Brexit vote, experts repeatedly warned of the economic damage that would come should the U.K. leave the euro. While polls ahead of the vote showed that the ‘remain’ camp would win, it appears that the ‘leave’ camp has won.
To be clear, the vote is only advisory and not quite legally binding. But it reflects the will of the voters, and it will force policymakers to act in what could be two years’ worth of negotiations that end with the U.K. officially leaving the EU. (Yahoo Finance)
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