More than anything, though, the precipitous drop [in the pound] seemed to attest to an increasingly unmistakable reality: Britain’s vote to exit the European Union — Brexit, in common parlance — has put its commercial relationships with the world on uncertain and potentially perilous ground. That poses risks for the British economy, making its money less attractive to hold. “The world believes that the U.K. is going to be poorer in the future, and find it more expensive to trade,” said Paul Johnson, the director of the Institute for Fiscal Studies, an independent research institution in London. “Essentially, the world is betting against the pound.” And against the British economy. The immediate cause of the plunge appeared to be a speech by the French president, François Hollande, on Thursday evening in Paris, in which he endorsed the view that Britain must be forced to swallow unpalatable terms of departure to discourage other European Union members from eyeing the exits. “The U.K. has decided to do a Brexit, I believe even a hard Brexit,” Mr. Hollande said. “Well, then, we must go all the way through the U.K.’s willingness to leave the E.U. We have to have this firmness. “If not,” he continued, “we would jeopardize the fundamental principles of the E.U. Other countries would want to leave the E.U. to get the supposed advantages without the obligations.”
Blogs I Follow
- I guess Trump team is consistent about one thing: They really would rather have coal than advanced 21st century batteries
- Great trenchant essay on reading from Hisham Matar
- Can students record me in class?
- Awe-inspiring study from Ancestry.com
- Leading a non-profit that supports village libraries is a lot of work!
- Great article about one of the FAVL donors who helped make a library happen in Burkina Faso
- AYA Afrika Foundation helps continue after school reading program in libraries in Ghana
- New motor bike for FAVL/CESRUD Ghana
- Visite guidée à la bibliothèque communautaire de Dablo
- Les usagers illettrés à la Bibliothèque de Dimikuy
- La mairie de Pensa prend ses responsabilités
- What is going on in FAVL Burkina Faso?
- Les bibliothécaires en séance pratique d'origami
- Le coordonnateur national à la rencontre du staff régional
- FAVL/CESRUD Ghana libraries expand their reach to surrounding schools
- Rapport du mois de janvier et février 2017 de la bibliothèque de Sebba
- Rapports des activités du mois de Janvier et Février 2017 de la bibliothèque de Bougounam
- Visite d'un ancien lecteur au bureau de FAVL Ouaga
- Rencontre FAVL et les autorités de Sabcé
- Encadrement du bibliothécaire de Pissila