Paul R. Gregory's writings on Russia, the world economy, and other matters that he finds of interest.
Friday, June 24, 2016
Calm Down, Brexit Will Not Be A Catastrophe
The consensus appears to be that Putin’s Russia will benefit from Brexit’s uncertainty and confusion, but the EU reaction to Putin’s foreign adventures has not been effective and coordinated so far. How Putin fares depends much more on inner German and French politics than on the EU. The Brexit battle resembles the unfolding U.S. election campaign. Hillary Clinton represents the Brussels-type internationalist establishment, and Donald Trump represents the nationalist/populist interests of those who feel over-regulated, dominated, and lectured down to by the political class.