Global Impact and Europe

global player: Surely, the U.K. isn't a systemically important country, whose decisions are likely to have the kind of global impact that we would expect from, say, the U.S. and China, according to Market Watch. Yet the U.K., as the second-largest economy in the EU, is a systemically important country in Europe, which is a systemically important global player, as we all recall from the recurrent euro crises in 2011-2015. A lot of people may balk at that suggestion. And the U.K. EU referendum is significant, not so much because of the cyclical consequences for the pound, or the U.K. economy in the next few weeks of months, but because it represents an existential choice with far-reaching consequences for itself, and for Europe. The latest polls suggest that the outcome is 50-50 with about 10%-15% of voters undecided, but possibly tilting to Remain. After a three-to-four-week period in which opinion polls suggested the Leave camp had built considerable momentum, overtaking the previous lead for the Remain camp, the last few days have seen an abrupt change. (news.financializer.com). As reported in the news.