Here’s the bad news for America if Britain leaves the European Union

In a little more than a month, Britons will decide whether to remain in or leave the European Union—a choice that could shift alliances, economies and trade agreements throughout the developed world.

 

Americans have a big stake in whether the referendum results in a Brexit, as President Obama made clear when he flew to London last month and weighed in heavily in favor of continued British membership in the union. The fallout from a Brexit would range from a hit in financial markets and chronic economic uncertainty to a further weakening of the already-wobbly trans-Atlantic alliance. Add to this the possibility of a global currency war ignited by competitive devaluations in Britain and the Eurozone.

 

Read More: Here’s the bad news for America if Britain leaves the European Union – Business Insider

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