Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Mexico announced it would cut federal spending by 31.7 billion pesos ($167.9 billion), reducing the country’s international funding needs as emerging-market assets worldwide tumble following the U.K.’s decision to leave the European Union. A decision on whether to increase the country’s key interest rate will be made next week at a June 30 board meeting…
LONDON/BUDAPEST Britain’s vote to leave the European Union fired up populist eurosceptic parties across the continent on Friday, giving fresh voice to their calls to leave the bloc or its euro currency. Right-wing and anti-immigrant parties in the Netherlands, Denmark, Sweden and France demanded referendums on membership of the union, while Italy’s 5-Star movement…
Yesterday, 17 million Brits voted on a referendum to leave the European Union after a decades-old alliance. One of the chief architects of the #Leave movement was Nigel Farage, a British politician and head of the UK Independence Party. Farage has long championed the so-called Brexit, and triumphantly spoke to supporters after the vote saying,…
After months of campaigning, the “Leave” camp has won and Britain will be leaving the E.U. The Post’s Adam Taylor talks about what that means for the country and Europe. (Adam Taylor,Jason Aldag/The Washington Post) The whole world is reeling after a milestone referendum in Britain to leave the European Union. And although leaders of the campaign to exit…
Stock markets around the world collapsed and the pound plunged on news that Britain’s electorate had emphatically voted to leave the European Union in Thursday’s referendum. Banks including Lloyds, Barclays and Royal Bank of Scotland all saw around a fifth of their value wiped out by Friday lunchtime, with similar losses at housebuilders like Taylor…
It’s not just the pound that’s falling after the U.K. voted leave the European Union. Markets all over the world are in full freakout mode, the euro is falling, and investors everywhere are pulling money out of markets and putting it somewhere safe, meaning the U.S. dollar and U.S. government debt have both strengthened. In…
I’m sitting here looking at my burgundy-red British passport, with EUROPEAN UNION emblazoned in gold letters across the top. I’ve fastened the shirt I’m wearing with cufflinks which have the UK flag on one side, and the German flag on the other—my proud European heritage. I’m thinking about everything I loved about growing up in…
U.S. stocks opened sharply lower Friday, reversing recent gains in a global risk-off trade after Britain surprised markets by voting to leave the European Union. The S&P 500 opened 1.88 percent lower in 1986, according to Howard Silverblatt of S&P Dow Jones Indices. Ahead of the U.S. stock market open, pound sterling held off session…
There was a mixture of jubilation and disbelief in the UK as people awoke Friday to the final verdict in the extremely close vote that deeply divided the nation. Europe was plunged into uncertainty following the result, with calls for further referendums from emboldened far-right groups who see it as a boost for their anti-EU,…
On Thursday British voters willfully walked off a cliff when they decided to leave the European Union. The “Brexit” victory is a defeat for Britain, Europe and the global economy. Tens of millions of Britons voted for isolation — to go it alone — rather than for cooperation. The European Union just lost a sixth of its economy, roughly akin…