David Brewster
George Soros weighs in, gloomily, on the Brexit vote and its impact on the European project. Now is the time when all good folks need to come to the aid of Europe, he contends. In a nutshell: “All of Europe, including Britain, would suffer from the loss of the common market and the loss of common values that the EU was designed to protect. Yet the EU truly has broken down and ceased to satisfy its citizens’ needs and aspirations. It is heading for a disorderly disintegration that will leave Europe worse off than where it would have been had the EU not been brought into existence. But we must not give up.”
Brexit is likely to cause Britain’s economy and people to suffer significantly in the short to medium term, owing to profound uncertainty over the terms of divorce and the future of the UK itself. But the implications for Europe could be far worse.
PROJECT-SYNDICATE.ORG|BY GEORGE SOROS