Brexit may trigger some fearful consequences

New Haven

AFTER 30 hours of non-stop negotiation in Brussels just over a week ago, Prime Minister David Cameron and the 27 other heads of state and government of the European Union agreed on the terms of a "new settlement" for the United Kingdom - one they hope will persuade a majority to vote in favour of remaining in the EU for the referendum scheduled for June 23.

The settlement was the culmination of an effort Mr Cameron began in January 2013 when he pledged that if the Conservatives won a majority in the 2015 election, he would renegotiate the terms of Britain's membership in the EU and hold an in-out referendum on membership by the end of 2017. It was, he said, "time for the British people to have their say. It is time for us to settle this question about Britain and Europe".