South China Morning Post (June 27)
“Thanks to Brexit, a new global financial crash is looming. More vulnerable economies risk slipping back into recession and deflation will continue to get the upper hand.”
Tags: Brexit, Deflation, Financial crash, Looming, Recession, Risk, Vulnerable
New York Times (June 26)
“This is just the start of the Brexit’s economic disaster.” Many of Brexit’s supporters distrusted experts and economists who were by and large supporters of the remain campaign. “Experts are, of course, known to make mistakes. But in this case, the people who voted for Brexit will pay a big price for ignoring economic expertise. The harmful effects of this vote are both immediate and lasting.”
Tags: Brexit, Economic disaster, Economists, Experts, Harmful, Immediate, Lasting, Remain campaign, UK
Bloomberg (June 20)
“Brexit stresses are seeping into virtually every corner of the global foreign-exchange market. Of 16 major currencies tracked by Bloomberg, all but three have seen a jump in the cost to hedge against big declines.” The Japanese yen Brazilian real and Swiss frank are the three exceptions.
Tags: Brazil, Brexit, Cost, Currencies, Declines, Forex, Hedge, Japan, Markets, Real, Switzerland, Yen
Financial Times (June 16)
“This is no time to revert to Little England. We are Great Britain. We have a contribution to make to a more prosperous, safer world. The vote must be ‘Remain’.”
Tags: Brexit, EU, Great Britain, Little England, Prosperous, Remain, Safe, Vote
Washington Post (June 1)
“British voters, who may be as weary as many Americans are of constantly being told that they cannot ‘turn back the clock’ and that history’s centralizing ratchet has clicked irreversibly too many times, might soon say otherwise.”
Tags: Brexit, Centralizing, History, Irreversibly, U.S., UK, Voters, Weary
Financial Times (April 25)
In the UK, President Obama and others appear to be taking the wind out of the sails of the Brexit supporters. But the leave campaign is also struggling with the logic behind their own position. The “central flaw that bedevils the Leave campaign: it refuses to define what the world outside the EU looks like. Instead, it is asking the British people to take a leap in the dark.”
Chicago Tribune (March 3)
“The idea behind European unity is that countries bound together are likelier to create wealth than to start wars…. Being part of the EU isn’t about losing control, it’s about ensuring stature. We hope our cousins choose to Bremain.”
The Economist (August 8)
“Germany is back in its old dilemma: too weak for hegemony, too large for balance. No other country can think of imposing solutions, but Europe will not allow Germany to do so either. That may mean that the EU’s biggest challenges—from immigration to preventing a British exit and fixing the euro—will continue to go unmet.”
Tags: Balance, Brexit, Challenges, Dilemma, euro, Europe, Germany, Hegemony, Immigration, Solutions
