Brexit

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An honorable member of the Coffee Shop Has Just Posted the Following:

On June 23, the U.K. will vote on whether to withdraw from the European Union. This is a momentous decision, with far-reaching economic and political consequences that are now being hotly debated. If Britons vote to exit, it could lead to a breakup of the EU, and set back the global move toward greater political integration.

So the answer to the question of fragmentation is that there’s no ideal size. Sometimes city-states are the best, but sometimes super-states are better. The U.K. might be on the verge of an interesting experiment. If it abandons the EU, only history will tell us whether it was a good idea.

http://www.bloombergview.com/article...ow-its-economy


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