The hopes of many of those who confidently expected the British electorate to vote, by a slender margin, for the country to remain in the EU have been dashed. All that is left to do now is to ponder the causes and background of this regrettable event, and consider its likely consequences, especially for relations with the United States.
The decisive result of the Greek referendum held Jul. 5, in which voters overwhelmingly rejected (61.3 to 38.7 percent) the terms of an international bailout, has opened a new chapter not only for the future of Greece, but also in terms of the essence of the European Union itself.
As the leaders of the BRICS five meet in the Russian city of Ufa for their annual summit Jul. 8–10, their agenda is likely to be dominated by economic and security concerns, triggered by the continuing economic crisis in the European Union and the security situation in the Middle East.
The overwhelming majority of lobby meetings held by European Commissioners and their closest advisors are with representatives of corporate interests, according to an analysis published Jun. 24 by Transparency International (TI).
A few decades ago, even before the end of the Cold War and before and after Ronald Reagan’s election to the White House, analyses regularly referred to U.S. decadence. At other times, it was Europe’s turn for pessimistic descriptions, especially when it could not overcome its ambivalence over deepening integration, and above all because of the failure of its constitutional project.