With or Without the E.U., Europe Is Still Connected

Author:
James Kanter

Britain has voted to exit the European Union in a historic vote on Friday, the first country to ever leave the bloc.

The European Union is a club binding 28 countries by treaty but split by how much the members really want to do together. Take the example of Britain, long one of the more demanding members. Britain’s main goal has been opening up the economies of other members to freer trade. Successive governments in London have pushed to liberalize sectors like financial services and energy. But Britain is reluctant about many other aspects of the bloc’s stated goals. Rather than opening its borders, it has kept checks in place and does not have to jettison the pound for European notes and coins.

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