Posen: Brexit Is Cost of Ignoring Economic Reality

The video discusses the economic impact of a recession on global markets, highlighting the fall of the pound and losses in European banks. It examines the accuracy of economic predictions and the realities faced, particularly in the UK. The discussion includes political reactions and strategies for economic resilience, emphasizing the importance of learning from the UK's experience with populism and economic challenges.

What does the speaker mean by 'the hand you've got' in the context of economic challenges?

What steps are suggested for Europe to move forward during this economic crisis?