BREXIT

This anti-elite uprising, however, has been carefully guided and spurred on by media and political elites in Britain for years. Scapegoating of migrants, particularly those from the EU, forced on the UK by supposedly draconian policies from Brussels, has reigned supreme for well over a decade. The familiar argument that migration is a drain on British jobs and resources has been spurred on by the most widely read newspapers in the UK, with centre, right, and sometimes leftist politicians fanning the flames.

On June 23, the UK held a long-anticipated referendum on its EU membership. The results anticipate Britain exiting the EU within a few years.

Switzerland's Central Bank (SNB), after England voted "out" in the referendum for leaving EU, declared that it has intervened in foreign exchange market for devaluing Swiss franc.

With 52% of the votes, England decided to leave EU. Following the referendum, founding members of EU will convene upon Germany's call. Authorities from EU countries made statements about the decision, emphasizing that this is an “emergency call” for a reform in EU.