Tag: European Union

Soros on Brexit

Billionaire investor George Soros said on Saturday that Britain’s vote to leave the European Union makes “disintegration of the EU practically irreversible,” and that the effects of Thursday’s referendum will likely damage Britain.   “Britain eventually may or may not be relatively better off than other countries by leaving the EU, but its economy and […]

The Brexit Vote Is a New Milestone in the Global War on Elites

In a stunning victory for the anti-establishment forces that have upended mainstream politics across the Western world, British voters chose on Thursday to pull their country out of the European Union, sending global markets into a tailspin and encouraging anti-E.U. forces across the continent to push for their own referenda on whether to break away. […]

Historic Brexit vote sends shockwaves through Europe, with calls for a slimmer EU

The British people’s vote to leave the European Union sent shock waves through that continent on Friday morning, strengthening those forces within the remaining 27 member EU states who want their governments to make a similar exist.   EU officials did their best to do damage control with its council president Donald Tusk stating: “this […]

Brexit Vote Sends Pound to 31-Year Low, Pummeling Markets

LONDON — Stock markets crashed, oil prices tumbled and the pound fell to a 31-year low on Friday as Britain’s unprecedented vote to leave the European Union shocked investors and dragged the region, the world’s largest economic bloc, into a new era of uncertainty.   Investors rushed to dump European shares as soon as markets […]

The Economist explains: What happens now that Britain has voted for Brexit

BRITAIN has voted for Brexit. What happens now? Nothing immediate, is the answer for EU nationals living in Britain and Britons living elsewhere in the EU, as well as for businesses on both sides of the Channel. It will all depend on negotiations that could take years—and no one is sure quite how many years, […]

The UK exit EU vote is second setback for Obama

President Barack Obama placed his prestige behind the UK opting to remain in the European Union and so the British vote to quit the EU in a historic referendum was a blow to him too, the second in 24 hours. The Brits criticized the president at the time for supporting Prime Minister David Cameron’s struggle […]

‘Brexit’ Referendum: 46 Million Eligible to Vote on Future in EU

Europe held its breath Thursday as the U.K. began voting in a national referendum on whether or not to quit the European Union, with the outcome predicted to be on a knife-edge after a months-long and bitterly divisive campaign.   Polling stations opened at 7 a.m. (2 a.m. ET) with a record-setting 46.5 million people […]

What impact will the Brexit referendum have on Israel?

While it may have huge ramifications for Britain, Europe, and the world’s economy, Britain’s decision on Thursday to leave or remain a part of the 28-state European Union will have little impact on Israel, Yigal Palmor, a veteran diplomat, said on Wednesday.   Palmor’s comments followed a statement made on Monday evening by Prime Minister […]

EU referendum: ‘Remain’ vote could still trigger political instability in the UK

Britain will vote to remain in the European Union by a narrow margin tomorrow (23 June) but the outcome will nevertheless cause political instability in the UK and in the 28-country bloc, according to Citigroup analysts.   The Leave campaign has gained strong momentum over the past couple weeks but, with less than 24 hours […]

Fed’s Yellen: US economy faces ‘considerable uncertainty’

Washington (AFP) – Federal Reserve Chair Janet Yellen warned Tuesday that the US economy faces “considerable uncertainty” from slower domestic activity and from a possible British vote to break with the European Union.   Pointing to dragging hiring and business investment recently, and to the risk that a pro-Brexit vote will send shock waves through […]