As the EU rejection fallout commences

Dutch and French voters have now spoken, delivering crushing defeats to the European Union's propose...

Dutch and French voters have now spoken, delivering crushing defeats to the European Union's proposed new constitution. And the fallout will be immense. The euro, the common currency shared by 12 EU nations, will weaken considerably as Europe enters a long period of political instability. Recriminations from the collapse of the constitution will be played out over months, not days. And the economics of integration that have dominated Europe for the last 30 years have come to an end. Forget convergence. The big trend in the next few years will be Europe's economies going their own way, not...