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Eurozone warns on economic hit of Brexit

Merkel met in Berlin with Irish Prime Minister Enda Kenny, who also said he “would not favour… a prolonged period” for Britain to trigger Article 50 – the treaty procedure to exit the Union.

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Philip Hammond, one of Prime Minister Theresa May’s first appointments, offered calming tones of reassurance to the markets and the general public in a series of interviews after taking office.

President Barack Obama has called new British Prime Minister Theresa May to congratulate her.

The full details of the MoU have been kept secret but are said to involve the modernisation of the Interior Ministry and the use of “UK expertise in the wider security and policing arena”, according to reports a year ago.

Just how she proposes to do it remains unclear, and she’ll need to come up with concrete, and potentially divisive, details to go with the soothing bromides.

Steinmeier said that “Britain remains an important partner” with which Germany must work at the U.N., NATO, in the Group of Seven and in efforts to end Syria’s civil war.

“I had a disgusting dream in which I found out on a train that the Brexit vote had won, and yelled out in fury”, top British cellist Steven Isserlis told Classic FM radio. European support has nurtured a fruitful crop of independent British films in recent years, she added.

She then said: “During this campaign my case has been based on three things, first the need to strong, proven leadership, to steer us through what will be hard and uncertain economic and political times”.

Here is what she has said about the department, some information on likely candidates to run it and frontrunners to take over from George Osborne as finance minister.

“Try to explain to people in London that what we want is a constructive relationship”.

Graham Brady, head of the Conservative party committee in charge of the leadership contest, said there were still constitutional procedures to be observed before her appointment could be confirmed, but he aimed to make a confirmation announcement as soon as possible.

“Free movement can not continue as it has done up till now”. “What is clear is that in the short term uncertainty will lead to a dip in market confidence”, he added.

She is also thought to be concerned that guaranteeing a right to remain would risk a huge new movement of European Union nationals to Britain. “We are already working closely with the Government to ensure the best possible outcome from upcoming negotiations and United Kingdom policy decisions for universities and the research community”. In its May economic forecast the EC projected 1.6% and 1.8% economic growth, respectively for the euro area for this year and 2017.

The impact of the vote was immediate, the casualties many: David Cameron has resigned as prime minister, the value of the British currency has dropped sharply in relation to the dollar and the euro, and thousands of companies large and small are trying to determine if Britain will still be a viable global business center once its close ties to Europe are cut.

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He said he has a series of meetings lined up with key economic leaders, including the governor of the Bank of England, in which it will be assessed whether a post-referendum recession could be expected.

A woman draped in a European flag participates in a picnic against Brexit in London