“We need to make sure that Europe is varied, and as varied as the people of the European Union are”. “It’s not an amicable divorce, but it was not exactly a tight love affair anyway”, he said.
Advertisement
In the run-up to the vote, European Council President Donald Tusk, a former Polish prime minister, said he feared a Brexit “could be the beginning of the destruction of not only the EU but also of western political civilization in its entirety”. Britain must, at some point, unambiguously notify the bloc of its intentions and set a two-year clock ticking for negotiating its departure.
Yesterday’s historic decision by British voters to leave the European Union (EU) is already sending shockwaves throughout global markets and the worldwide business community. More than 17 million residents voted for the U.K.to leave the EU. It said the referendum result will lead to “a prolonged period of uncertainty for the United Kingdom, with negative implications for the country’s medium-term growth outlook”.
“We have rules to deal with this in an orderly way”, the joint statement said.
On Friday, he said he would leave it to his successor as Conservative party leader and premier to trigger Article 50 of the European Union treaty, which sets out a two-year process to quit the bloc. “I would like to get started immediately”.
Tad Dawson, a 51-year-old pub owner who has lived in Spain since the 1990s, says his future is suddenly very uncertain. “The European Union is losing not only a member state, but a host of history, tradition and experience”, the foreign ministers said.
On Saturday, the foreign ministers of the EU’s six founding members – Germany, France, Italy, Netherlands, Belgium and Luxembourg – were meeting in Berlin to look at the legal landscape.
Scottish First Minister Nicola Sturgeon was meeting with her Cabinet in Edinburgh Saturday to discuss the implications of the referendum.
“We will need to renegotiate vital trade deals with Europe and with Britain”, he said. “A new prime minister must be designated, that will take a few days but there is a certain urgency”, he told AFP.
Under the Lisbon Treaty, London has the right to decide when it triggers Article 50, which begins the two-year exit negotiation period. My kids were born here, they went to a British-Spanish school.
“There is no reason to be nasty in the negotiations”. They must be conducted properly, ” Merkel said at a news conference in Potsdam, outside Berlin.
In an emotional statement outside Downing Street, Cameron said he would resign to make way for a new leader by early October after the failure of his “Remain” campaign. “It has to be done in an unequivocal manner with the explicit intent to trigger Article 50”.
In 2014, Conservative Prime Minister David Cameron was anxious about gains by the far-right United Kingdom Independence Party.
European Union leaders will open a two-day Brussels summit on the crisis on Tuesday.
“David Cameron was quite right”.
While the Brexit is already having a major impact on major areas of the world economy, the interdependent nature of the tech industry makes it particularly vulnerable to the political uncertainty and regulatory chaos such an event can unleash.
Only the soothing reassurances of Bank of England Governor Mark Carney managed to ease the market carnage on Friday, as he pledged to stabilize markets if needed.
Specialist Meric Greenbaum works at his post on the floor of the New York Stock Exchange on Friday.
“I feel angry. Those who voted leave, they’re not going to fight the future”, said Mary Treinen, 23, a technological consultant from London’s trendy Shoreditch district.
Amid the confusion and uncertainty, credit agency Moody’s announced it had downgraded the United Kingdom’s credit outlook to “negative”.
The vote to leave the European Union has upended British politics.
Advertisement
Lawmakers paid tribute to Britain’s commissioner in Brussels, Jonathon Hill, who resigned after last week’s vote and wept in the parliament Tuesday as he received a standing ovation.
