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[DIGEST: Reuters, New York Times]

A defining referendum on Britain’s European Union (EU) membership is now underway. Voters will be asked a single question: “Should the United Kingdom remain a member of the European Union or leave the European Union?” Those who favor leaving, or “Brexit,” claim Britain’s continued membership renders it toothless and at the mercy of bureaucrats in Brussels.  Those who favor remaining insist Britain can only maintain its influence as part of a larger bloc of like-minded countries. Worldwide, markets are spooked that a vote to leave would have a devastating impact across Europe, with global spill-over effects.

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