Thinking About the Day after Brexit

Will they or won’t they? The question facing voters in the United Kingdom (UK) on June 23—whether or not to leave the European Union (EU)—has emerged as the biggest economic threat facing Europe in 2016. I believe the odds of a British exit, or Brexit, remain low at 10 to 15 percent, barring an unforeseen event, such as a terrorist attack or another massive migrant inflow across the Mediterranean into Italy, persuading Britons of the necessity of sealing borders. As is generally the case in EU-r

Source: Peterson Institute (PIIE)