The depreciation of the pound against the dollar in the wake of Britain’s decision to leave the European Union raises major doubts about the affordability of the country’s current defence equipment plans.
Gibraltar’s voters opted overwhelmingly to remain in the EU, by an astounding majority of 95% of the ballots cast, in a turnout of 83% of the electorate. Now the territory faces a dilemma, as the rest of Britain went in a different direction.
Although British foreign policy is likely to encounter a variety of hardships after the withdrawal from the EU, some of the options still offer interesting opportunities which should not diminish the country’s international standing and contribution.
A lecture by Edward Luttwak, Senior Associate at the Center for Strategic and International Studies (Washington, DC) and author of The Grand Strategy of the Byzantine Empire. In this lecture, Edward...