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Miscalculation

Last week my column, EU Border Control, focused on the diversity of the cultures, languages, political persuasions and outlooks of the members of the…

By Anthony J. LoPinto | anthonylopinto | | Updated on June 29, 2016
Anthony LoPinto Anthony LoPinto
Last week my column, EU Border Control, focused on the diversity of the cultures, languages, political persuasions and outlooks of the members of the European Union. I speculated that vote would tilt to “stay,” but if it swung the other way as it did, it could be the death knell for the EU. The shockwaves that circled the globe the morning after the vote highlighted the unknown that we have entered into. I am amazed that this vote was oh so close, and it raised for me the question of why would a simple majority be established to determine the result, as opposed to, for example, a two-thirds – one third vote. If you listen carefully to interviews that followed the vote, when the Brits woke up and realized what they had done, so many indicated that they either didn’t think the exit vote would win, or they now lament that they voted to exit. Polls indicate that if taken again today, the vote would be to “stay.” Whatever the results would be, the die is cast, and we are in for a period of unknowns that one way or another will impact the global economy.  In the most extreme case, we have witnessed the first crack in the EU and we will witness more exits and a weaker EU.

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