How a Brexit Would Undermine Europe's Balance of Power

Britain's approaching referendum has led to rampant speculation about the economic and financial consequences of a vote to leave the European Union. And indeed, in the wake of a Brexit, uncertainty -- the archenemy of economic growth and financial stability -- would abound. But if Britain withdraws from the Continental bloc, its primary effect would be geopolitical, shaking the balance of power in Europe to its very foundation and forcing the bloc to rethink its role in the world....