The EU knows that the best thing Greece, France, Italy and the like, can do is re-adopt their own sovereign currencies, thereby becoming Monetarily Sovereign. In this way, they can support their middle- and lower-income groups, rebuild their infrastructures, and spend their way into prosperity -- all of which has been denied them.
This terrifies the rich EU bankers, who would lose their power along with their cushy, overpaid jobs. Just think; all these years of failed economic policies, and now the leeches will have to find useful work. Oh, horrors!
So the markets will drop, because that is what they are expected to do, and the insiders will pick up bargains.
But, what will happen a year from now or five years from now? It depends on what the British politicians do and what the rich EU bankers do.
If the British politicians would use their newly recovered sovereignty to grow their economy (unlikely, since they are budget-balancing, austerity demanding right-wingers), the British would prosper and other nations would follow their lead.
More likely, the rich bankers of Britain and the EU will convince the populace that the starvation of austerity is good, and prosperity is just for the lazy. In that case, the British people will be punished to the fullest extent of the law.
("Let that be a lesson to you people who want to run your own lives, rather than allowing us to rule you with an everlasting recession and a widening gap between the rich and the rest.")
Brexit is a good escape plan, but like all plans, it depends on how it is implemented. Escaping your handcuffs is great unless you allow the austerians to lock you in jail.
Rodger Malcolm Mitchell
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