Brexit has been the largest European strategic transformation since the end of the Cold War. Those who cannot read the primary geopolitical data between the digits of a long economic calculation are bound not to even understand the economic and monetary effects of Brexit. However, it is useful to analyze what Brexit means, also from the strictly economic viewpoint.

Authors: Nenad Dumanovic and Daniel Jankovic (*)

Over the past several years, analysts and commentators have noticed a rising tide of domestic support for the Croatian homegrown Nazi movement of the Second World War, the Ustashe, which actively exterminated Serbs, Jews, and Roma in the territory it controlled from 1941-45. Far from condemning this alarming development, the Croatian government, the European Union, and non-state actors within it have tacitly and actively supported the rising tide of sympathy towards the Ustashe.

With specific reference to Brexit - an issue that we have analyzed extensively - we need to define both its effects on Europe's new geopolitical configuration and those relating to the structure of European and world finance.

In 1952, a group of army officers mounted a successful revolution in Egypt. King Farouk was sent into exile and his son Fuad put under house arrest. His was the first Arab monarchy to fall, others would follow later. Soon a General Muhammad Neguib appeared as the face and ostensible leader of the revolution. It was only a couple of years later that the true architect and mastermind, Gamel Abdel Nasser, came to the fore.

Since its accession to the EU in 1973, Britain was a defiant member state-reluctant to agree on most of the EU norms, yet picking and choosing what it deemed suitable for its own interest.

“There never was a democracy yet that did not commit suicide” --John Adams

History is never deterministic; it is in fact full of unexpected surprises, but if the above ominous warning by John Adams has any kind of validity today, we may be witnessing, subsequent to Brexit and the far right extraordinary gains in the latest EU parliamentary elections, the beginning of the end of the EU as we know it, and as its founding fathers envisioned it.

Brexit is the greatest strategic shock occurred in Europe after the "fall of the Berlin Wall" in 1989. Furthermore the 1989 myth had been nurtured by the EU small cultural elites, who regarded it as the beginning of the European century, different from the American Century analyzed by the Italian economist, Geminello Alvi, before and after the globalization.

Following the referendum on UK membership of the European Union (EU), upholding Brexit, world politics is expected to herald a period of immense instability and turmoil. There is likelihood of economic crisis in Europe and UK, even globally.

After Brexit and its related confusions in the EU political landscape, the time may have come to remember Václav Havel’s humanistic philosophy as a powerfully heroic voice of the post-cold War political landscape, advocating that Europe recover its own soul; urging a global revolution in human consciousness; reconnecting the story of man to a transcendent principle within the cosmos; nothing less than the voice of Hope.

Though with a knife-edge majority, Great Britain has relinquished its economic and political relationship with the EU. Obviously account shall be taken of the many people who voted in favour of Bremain, since they will not disappear all of a sudden, but also the strategic, military and geopolitical effects of this new UK position shall be assessed.

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