Brexit and the Future of Europe

Brexit is likely to cause Britain's economy and people to suffer significantly in the short to medium term, owing to profound uncertainty over the terms of divorce and the future of the UK itself. But the implications for Europe could be far worse.

NEW YORK – Britain, I believe, had the best of all possible deals with the European Union, being a member of the common market without belonging to the euro and having secured a number of other opt-outs from EU rules. And yet that was not enough to stop the United Kingdom’s electorate from voting to leave. Why?

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