As Gomer Pyle used to say on that old TV show -- Surprise! Surprise!
The Eurocrats i.e. EU Bureaucratic Politburo & Nomenklatura, is in a tizzy. Is Brexit the beginning of a Pan-European contagion?
And what's the future for the failed EU (European Union) and the failed EMU (Economic and Monetary Union)?
First the UK and then France (National Front), Italy (Five Star Movement), Denmark (Danish People's Party), and the Netherlands (Freedom Party) have all called for a leave-EU referendum of their own.
There are five more countries that want to hold referendums to exit the EU France, the Netherlands, Italy, Austria, Finland and Hungary.
Politically the next move is that other countries are also considering their own exit from the EU. France leaving the EU is being called Frexit and the Netherlands exit is being called Nexit.
The implication for the Euro was seen Friday when the Euro moved lower. It didn;t have a big fall, but it did move lower and now you see the Big Shorts coming into the Euros who are probably prepared to hold them for a matter of months.