The United Kingdom will emerge as the biggest loser from its voters’ decision to exit the European Union.
The United States loses a useful ally in its dealings with the European bloc, but it has others. France and Russia benefit, while Germany under Chancellor Angela Merkel will look increasingly vulnerable. Italy, Poland, and Spain have the opportunity to increase their influence within the EU, but are unlikely to seize it in the short term.
The United Kingdom’s diplomatic weight over the past two decades has flowed from its position within three multinational organizations: NATO, the United Nations Security Council, and the EU. It has been a sought-after partner for many nations, especially the United States, because of its ability to make things happen—or not happen—in these organizations.
The EU covers the broadest range of policy areas of the three. By leaving the bloc, the United Kingdom gives up its ability to influence EU decisions on trade; sanctions; market regulation, including financial markets; climate change; development; migration; and Russia. The EU will still exist, and will continue to modify its rules, but the United Kingdom will no longer have a voice. Thus, its value as a diplomatic partner will be greatly reduced.
Read the full article: Brexit losers and winners