In presiding over England's humiliating Euro 2016 elimination at the hands of Iceland, Roy Hodgson seemed to abandon the principles upon which he has constructed his entire career. Hodgson, 68, resigned as manager in the press conference room at Stade de Nice minutes after his side's 2-1 loss to Iceland in the last 16 on Monday had brought his third major tournament to a dismal end. Despite building his reputation upon producing well-structured, defensively organised teams, his England side proved careless in defence and shapeless in attack, prompting withering criticism from pundits.
Shell-shocked European leaders will on Tuesday put the screws on Prime Minister David Cameron to expedite Britain's EU exit after its decision to leave rocked global markets and shook the very foundations of the bloc. Piling on the pressure, Standard & Poor's stripped Britain late Monday of its top-notch debt rating following Thursday's Brexit referendum. Cameron, who had fought to remain in the European Union and has said he will step down, told parliament on Monday that he will not yet start the two-year countdown on leaving the EU by invoking the so-called Article 50 of the Lisbon Treaty.