, Columnist
Post-Brexit, the Real Risk Is Europe Could Fail
The single currency and border-free travel are closely linked. The EU's survival depends on whether it can now rescue them.
Storm clouds ahead.
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While the short-term economic consequences of Brexit are not to be dismissed, it is the impending failure of the European project that should provoke the bigger sense of concern. The EU's two biggest achievements since the establishment of the single market -- the euro and border-free travel -- are both under threat. These implosions would be a magnitude more painful than the British vote.