“George Soros warned of “Black Friday” if the U.K. voted to leave the European Union. The pound is crashing and stocks are tanking. So far, so right. But what happens next and why does it matter?
The result of the U.K. referendum is unprecedented: No country has ever left the 28-nation EU. The vote could have enormous economic and political consequences around Europe, and further afield.
It will take at least two years for a British exit (Brexit) to be negotiated. But the fallout will be immediate, beyond the financial market turmoil.”