The Brexit May Be Just The Beginning Of Anti-Europe Votes

By Anil Kashyap

One of the biggest consequences of the British vote to leave Europe is that other countries will consider doing the same. Populism and nationalism are on the rise all over the globe. Now that U.K. voters have been given a chance to express their preferences, I believe that it is almost inevitable that another government inside the EU will hold some sort of similar vote.

Perhaps this will come about as it did in the U.K., where Prime Minister David Cameron — who submitted his resignation on Friday morning — offered up the vote as a way to tame the euro-skeptics in his own party. However, it could also be forced by a nationalist group getting into a parliament and then forcing a vote. The U.K. Independence Party was the only major party to campaign in favor of leaving.  Its leader has already said that he expects something similar in Denmark, Sweden or the Netherlands.

 

If other countries let people vote, it is likely to be difficult to forecast the outcome. In most of Europe, the public has very mixed views on the European Commission and the bureaucracy of the EU. At the same time, most seem to like the concept of a single currency (even if they are not especially trusting of the European Central Bank). No one knows how this will play out.....To Read More.....