Share

What will happen next — European Union referendum result

“We are well prepared for this”, Carney said.

Advertisement

“All this needs to continue because it is in our interests”, said the source, “We want to be sure that after this vote there won’t be a strategic withdrawal by the United Kingdom, that it will continue to be a player on the global scene”.

The European Union did have twelve members between 1986 and 1994, but the number of member countries now tentatively sits at 28 (and it will drop to 27 if and when Britain officially leaves the European Union). They took their country back, just like we will take America back.

The losses on Wall Street follow plunges across Europe in the wake of the Brexit vote with Paris down 8.6 per cent, Frankfurt 6.2 per cent and Madrid plunging 12.3 per cent.

Two Republican senators are warning that the United Kingdom’s historic decision to leave the European Union is a clear signal about the need for change. “But there’s people here in Brussels that are talking about an accelerated leave process”, he says.

Earlier Friday, Trump likened his candidacy to the referendum vote and said should he win the presidency in November, he would work to strengthen ties between the USA and an independent Britain. Americans will have a chance to vote for trade, immigration and foreign policies that put our citizens first.

British voters’ decision to exit European Union, quickly known as Brexit, has sent a shockwave globally, immediately knocking down stock market price indexes around the world and making it uncertain for people to envision a geopolitical future across the Atlantic.

The vote threatened to damage the U.S. economic recovery, hurt Obama’s trade agenda and made it more hard for America’s Western allies to face challenges such as Islamic State, the rise of China and climate change together in the Democratic president’s last months in the White House.

World leaders including Obama, Chinese President Xi Jinping, German Chancellor Angela Merkel, NATO and Commonwealth governments had all urged a “Remain” vote, saying Britain would be stronger and more influential in the European Union than outside.

“Remain” supporters typically argue that staying in the union is better for the British economy and that concerns about migration and other issues are not important enough to outweigh the economic consequences of leaving. That’s point No 1.

European shares plummeted more than 8 percent, headed for their biggest ever one-day fall. America needs to lead.

One bloc, led by the French, Spanish and Italians, won’t want to grant the United Kingdom a favorable secession agreement.

Advertisement

On Northern Ireland, Prof Kenny said: “There is real potential that this result produces significant further instability”. “It’s going to be very interesting”. “Period. End of story”.

US President Obama says he respects Britain's decision to leave EU