"Please don't go" pleads the German newsweekly Der Spiegel on its recent cover, asking the British to vote against Brexit this Thursday. Indeed, especially from the point of view of Germany, Brexit would be a disaster.
We Germans would be left without a pro-market partner among the larger EU economies. After a British exit, the European Union would be dominated by countries believing in the power of the state and the virtues of redistribution. The EU would lose a pivotal voice of economic common sense without the U.K. as a member.
On more than 20 pages of coverage, Der Spiegel brings up many arguments in favor of a "remain" vote. Reading it all, one is left with the distinct impression that the supporters of Brexit have nostalgic memories of Britain's glorious past and are more emotional than rational in their views.