Britain woke up yesterday to the beginning of a prolonged period of uncertainty. Unless it is handled with care and competence it will put the country’s future prosperity, role in the world and prestige under a real danger. By a small margin, but still a quite decisive one, the British people voted to leave the European Union. Winston Churchill is attributed with the quip that “when America sneezes Europe catches the cold." This time it was the British sneeze that immediately shook an already fragile European supranational experiment and the rest of the world’s financial markets. The British currency instantly dropped in value, and even before London’s notorious rush hour started, David Cameron, the British prime minister, fell on his sword and resigned.
The United Kingdom might still remain a political and economic force to reckon with, but without its influence from within the European Union it is severely disadvantaged in conducting its foreign policyYossi Mekelberg