Reflections on the Referendum

The United Kingdom's decision to leave the European Union has raised more questions than answers. The results of the referendum have ushered in greater political uncertainty, a heightened sense of financial market risk and deep division in British society. But with so many scenarios in play, there is still much that we don't know. When will the British government actually invoke Article 50 of the Lisbon treaty and begin its formal departure? What will the new government look like now that Prime Minister David Cameron has resigned? When will the Parliament ratify the referendum results? What does the future hold for Scotland, which is already considering a second vote to remain in the European Union? How will Britain's new macroeconomic, business, trade and immigration policies take shape? And, perhaps most important, what is the fate of the bloc itself?...