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Assessing the Political Risks Stemming from Brexit

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Frexit. Quitaly. The names are amusing, the reality would be anything but.

In the days since the U.K. voted to leave the European Union, the fact that commentators are scanning for the next country to worry about illustrates the existential crisis that the European project is having. For the euro area -- the 19-nation section of the EU that has pursued the deepest integration -- a dangerous loss of economic momentum is on the way, according to a Bloomberg survey.