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Britain Leaving EU Expected to Have Broad Repercussions

For once, media hyperbole matches reality. Britain’s vote to leave the European Union has sent shockwaves around the world with the initial one hitting the financial markets. The British pound crashed to levels not seen since 1985 and billions of dollars are being wiped off the value of British and European companies. With the markets plunging and a majority of Britons voting against the EU, Prime Minister David Cameron announced he would resign but remain as a caretaker until Britain’s...

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