(versión en español)
Britain’s vote on 23 June to leave the EU is an event of major geopolitical significance. 1
It will have a disorganising effect on the nexus of alliances through which the Western imperialist powers, led by the United States, manage global capitalism. It is a very serious blow to the European Union. EU leaders are trying to put a brave face on the Brexit vote, but it is no joke to lose the second biggest country in the EU, Europe’s largest financial and military power. Leave’s victory also continues the succession of referendums in which EU initiatives and institutions have been rejected by popular vote – Greece (2015), Ireland (2001 and 2008), the Netherlands (2005, 2016), France (2005), Sweden (2003), Denmark (1992). Financial Times
columnist Wolfgang Münchau speculates that a defeat of prime minister Matteo Renzi in October’s constitutional referendum could start pushing Italy to the exit (Münchau, 2016).