Thursday, June 23, 2016

Now What?

The real question in my mind is can the EU survive this amputation? It's not very functional and appears incapable of reforming itself. It's most serious problems, I think, are lack of unifying political and economic institutions. With nationalist sentiment running high, any chance for reform seems remote. The whole shaky contraption could easily come apart.

I suspect England will wake up with a major hangover, but I guess that it is unlikely to be of much strategic or economic importance in the future.