by John Browne
Euro Pacific Capital
On February 20th, UK Prime Minister David Cameron announced that the ‘in/out EU referendum’ he had promised in the campaign for the last parliamentary vote would finally take place on June 23rd. The outcome of the long-promised vote could have a tremendous impact not merely on the future of Mr. Cameron and his coalition but on the economic future of Great Britain and much of the world, including the European Union (EU) and the United States. It’s arguable that the referendum will be the most significant vote the world will see between now and the U.S. presidential ballots in November.
Of course, Mr. Cameron is desperately trying to convince Britons to cast their votes in favor of the UK remaining ‘in’ the European Union. In order to pacify the deeply held mistrust of the European Union that is harbored by many in Great Britain, Cameron recently returned from negotiations in Brussels with a list of “concessions” from the EU which he claimed would secure a special status for the UK within the EU.