Friday, June 24, 2016

Nations in Distress - Final Kingdom

AFP - Brexit pitches world into uncharted terrain
AFP reports: "Slowing growth, a return to protectionism, questioning of free trade agreements and doubts over the stability of the EU: the world economy is entering a period of deep uncertainty following Brexit. [...] Britain on Thursday voted by 52 percent to 48 percent for their country to leave the EU despite dire warnings from world leaders and economic experts. Institutions such as the International Monetary Fund (IMF) and the Organisation for Economic Cooperation and Development (OECD) had warned in the months and weeks leading up to the ballot of the dangers for the world economy, especially elsewhere in Europe, should Brexit come to pass. [...] European leaders and markets fear a domino effect as people across Europe lose faith in the supranational project."

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