Comment from The Peterson Institute for International Economics (PIIE)
“On June 23, the United Kingdom holds a referendum on whether to walk away from the European Union.
“A look at the island nation’s tangled web of global trade relationships highlights just how damaging a potential “Brexit” could be.
“Rising from the ashes of World War II, the European Union is among the most successful efforts at sustained international cooperation in human history. It has also resulted in major economic benefits to the United Kingdom during its 43 years of membership.