The economic and political consequences of Brexit for the UK and Europe will become clearer as reality unfolds. Thus, Brexit is a warning signal, if not an alarm bell, for the EU and its member states. Opposition leader Jeremy Corbyn, always ambiguous about Europe, has lost a vote of confidence moved by Labour MPs, but refuses to resign. Even before Brexit, structural problems attributable to spread rather than depth had surfaced in the EU. The excluded countries, Russia and Turkey, vicarious pleasure apart, might seek to fish in the troubled waters of internal strife in Europe.

Source: Mint July 07, 2016 19:52 UTC