http://www.telegraph.co.uk/business/2016/06/29/was-brexit-fear-a-giant-hoax-or-is-this-the-calm-before-the-next/
it should be dawning on European politicians by now that the economic
fates of the UK and the eurozone are entwined, that if we go over a
cliff, so do they and just as hard, and therefore that their bargaining
position is not as strong as they think. They cannot dictate terms...
the fall in sterling is a blessing for the British economy, and a
headache for the eurozone. The exchange rate is acting as a
shock-absorber, just as it did in 1931, 1992, and 2008, all bigger
falls, and all benign.''
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