ABSTRACT
The European Union (EU) faced an unprecedented crossroads on June 23, 2016, when a majority of voters in Great Britain voted in a referendum to support the United Kingdom’s exit (“Brexit”) from the EU. The result genuinely shocked many EU observers who feared what Brexit might mean for the British economy and Britain’s relationship with the EU. Would businesses in London move to the continent? Would Britain be able to keep its trade relationship with the EU? Would more member states follow the UK and leave the EU, possibly breaking it up altogether?
