Day: June 22, 2016

How a Brexit Would Undermine Europe’s Balance of Power

By Adriano Bosoni Britain’s approaching referendum has led to rampant speculation about the economic and financial consequences of a vote to leave the European Union. And indeed, in the wake of a Brexit, uncertainty — the archenemy of economic growth and financial stability — would abound. But if Britain withdraws from the Continental bloc, its primary effect would be geopolitical, shaking the balance of power in Europe to its very foundation and forcing the bloc to rethink its role in the world. The Franco-German alliance is the cornerstone on which European power dynamics rest. Conflict between the two drove three

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