The Case for Muddling Through Brexit
Although the UK will leave the EU, the two sides still share many traditions, including a knack for reaching messy compromise. Given how close the Brexit vote was, and how damaging a full rupture with the EU would be, this shared tradition is likely to define the future of the bilateral relationship.
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SANTA BARBARA – Panic is gripping markets – stocks and bonds are falling, the pound is plumbing new depths, fears of recession are rampant – all because a slim majority of voters in the United Kingdom decided that the country should leave the European Union.