Post-Brexit, the U.K. is in its worst political crisis since 1940, and the E.U. may be about to unravel

June 29, 2016 10:01 AM

15 0

Post-Brexit, the U.K. is in its worst political crisis since 1940, and the E.U. may be about to unravel

On June 23, Britain voted to leave the European Union. With a much higher than expected turnout of 72 percent, close to 52 percent of the electorate voted to leave, while just over 48 percent voted to remain. The referendum fundamentally divided the country. London, Scotland, and Northern Ireland overwhelmingly voted to maintain the status quo, while the Welsh and especially the rest of England voted in large numbers to break with Brussels. The vote also showed large gaps between young and old, rich and poor, more and less educated, more and less well-traveled, as well as urban and rural. The former consistently sided with remain while the latter systematically favored leaving.

The vote left the United Kingdom, the rest of Europe, and the world behind in a state of bewilderment. International financial markets went into a tailspin, wiping out close to $3 trillion in global wealth in just two trading sessions. The day after the vote — June 24 — was the worst day in global e...

Also read: Italy PM Renzi facing big referendum defeat: exit polls

Read more

To category page

Loading...