The Prime Minister has resigned. The triple-A credit rating gone. A collapsing pound will push up the costs of Britons planning their summer holidays to continental Europe. Thousands of financial sector job cuts have already been announced. Even Nigel Farage concedes that the UK economy will plunge into recession.
A week ago, predicting this kind of economic turbulence would have been dismissed as "Project Fear" - the scaremongering of the worst kind.
It took less than 100 hours ...
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Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.