Prime Minister David Cameron, who led the failed campaign to keep the United Kingdom in the European Union, has announced that he will resign by October. His successor will have the responsibility of deciding when to authorize Article 50, initiating Britain’s departure from the EU.

The United Kingdom has voted to leave the European Union, shocking the country’s political establishment and sending the British pound to its lowest point since 1985, The Wall Street Journal reports.

According to the Daily Mail, a crude doodle was briefly the source of electoral controversy on Thursday after a voter in Britain’s EU referendum submitted a ballot featuring an erect penis.

The official result of Britain’s referendum on whether to leave the European Union—dubbed Brexit—isn’t expected to arrive until tomorrow morning, but just minutes after voting stations closed on Thursday, four final opinion polls indicated that “Remain” has narrowly won the day, The Independent reports.

It’s a big vote that’s about go down in merry ol’ Britain, guv’nor.

On Sunday, Greece overwhelmingly rejected the bailout terms proposed by its European creditors, with a projected 61% of the country voting “no” to further austerity measures via a national referendum, the Associated Press reports.

“The European financial system was architected to make lending to Greece — and Spain and Portugal and Italy — a money machine for bankers... [who] understood perfectly well that there was in fact a long-term risk, an uncertainty, a constructive ambiguity.” Gosh, this all sounds awfully familiar.

Like an escalating war between the two most passive-aggressive roommates on Earth, Russia has responded to sweeping U.S. and European Union sanctions by refusing to allow our fruits and vegetables to tarnish its section of the fridge.

After months of hesitation, the European Union announced that it will join the United States in its economic sanctions against Russia in response to the country's support of separatists in Ukraine. President Obama also promised today expanded sanctions by the U.S. that will "have an even bigger bite."

The European Union reached out to the United States to respond to claims over the weekend that the U.S. bugged E.U. offices in the Unites States and accessed the internal computer networks of their biggest ally and trading partner.

Eurozone finance ministers are demanding a one-time levy on bank deposits of all sizes—even on insured accounts—as part of a bailout package for Cyprus, which is teetering on the brink of bankruptcy. Cypriots sprinted to banks and ATMs this weekend, waiting in long lines to withdraw cash after hearing about the plan on Saturday; if approved by Cyprus' parliament, it would mark the first time ordinary European depositors would be asked to take a haircut for a bailout plan. The levy would take 6.7 percent for deposits of less than 100,000 Euros and 9.9 percent for those above, and while more progressive plans have been floated, as it stands right now "[t]his is a conscious choice to make poorer people pay to help richer ones," The Financial Times writes. Why lean on the little guy? In all likelihood to preserve the island nation's status as an offshore haven for, in particular, Russian businessmen. Still, the tax is far from being assured: it's unclear whether President Nicos Anastasiades has the necessary majority to approve the plan, and the vote has been delayed until tomorrow. [Financial Times | NYT | Reuters | image via Getty/AFP]

Well, oh boy, everyone turn on your televisions, they've announced the Nobel Peace Prize. Silence, please. And the winner is: "The European Union." Man, the Nobel Peace Prize has really "jumped the snark."

Over the weekend, Greece voted to stay in the European Union and that meant that the Greek drachma, poised to make a return, was put back on the shelf. On tonight's Daily Show, Jon Stewart consoled the still-obsolete currency.

Socialist candidate Francois Hollande was elected president of France on Sunday. He defeated conservative incumbent Nicolas Sarkozy with 51 percent of the vote, following a bitter campaign that focused primary on the country's economic woes.

Mean old credit rating agency S&P put 15 European Union nations on a negative credit watch today, including once-safe countries like Germany, Luxembourg, and the Netherlands. Also: Malta. What if Malta goes under? "Lehman Bros. on steroids," probably.

Italian Prime Minister Silvio Berlusconi, the man who's kept his job despite constant sex scandals, sex trials, and other criminal charges over the last couple of years, appears to have finally been ousted by the only people who matter in this world: creditors.

Greek Prime Minister George Papandreou, whose country is on the brink of default, will probably resign after a new coalition government is assembled. Will it save Europe from economic disaster? Probably not! But, what the hell, might as well try.

It's a bad idea to project random people's tweets, live and unfiltered, onto a giant screen at any event. But especially when that event is an EU summit, and one of the guests is sleazy Italian Prime Minister Silvio Berlusconi.

A new report by the EU's drug agency places Britain on top of the world's cocaine consuming nations, with more young Britons having used cocaine than Americans in the same age group. There's also been an increase in crack smoking.