Should The British Or The European Union Get Their Knickers In A Twist Over Brexit?

The continuing furor in the UK, the EU and markets all over the world over “Brexit” will turn out to be substantially misguided. As the Brits themselves are fond of saying: “don’t get your knickers in a twist.” Simply put, the reality is—which even some of the most astute economic commentators and market analysts fail to appreciate—Brexit is not a binary choice. As a veteran negotiator of trade agreements and investment treaties, there are literally a multitude of possible outcomes.