The United Kingdom European Union membership referendum is scheduled to take place next Thursday, June 23. Much of the focus is on whether voters in the United Kingdom will choose to ‘remain’ in the European Union or opt instead to ‘leave’. While it will potentially have profound implications for the British and European economies, the ‘Brexit’ vote is not necessarily the immediate market event some are making it out to be. Instead, the much more significant story lies in the longer-term implications of this vote even taking place at all.
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