The Brexit vote has underscored the dangers not only of referenda and plebiscites, but also of European complacency. If the EU is to survive, it must act quickly and decisively to regain leadership, shore up its institutions, and adopt fundamental economic and political reforms.
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WASHINGTON, DC – The United Kingdom’s Brexit vote is arguably the greatest disaster ever to hit the European Union. Now, the EU must act fast – not least by ending the post-referendum market turmoil – if it is to survive.