Global Markets Lose Record $3 Trillion Following Brexit Vote
A rapid sell-off of equities following UK voters' decision to leave the EU caused global markets to lose $3 trillion in value (FT).
Meanwhile European Commission President Jean-Claude Juncker said in an
address to the European Parliament that the UK government must clarify
its position on exiting as swiftly as possible (Guardian).
CFR's President Richard A. Haass writes that the Brexit vote is a warning to other democracies in this Financial Times op-ed.
EU: The rates human smugglers charge have tripled since a March migration deal between the EU and Turkey closed down a main migration route (WSJ), according to a new report.
This CFR Backgrounder discusses Europe's migration crisis
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