Thirty firms in the S&P 500 generate more than 10 percent of their sales from the United Kingdom, according to data from FactSet Research. Investors are now selling off riskier assets for safe havens, like U.S. Treasuries and gold. “It is interconnected; all of you represent that interconnection”.
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“We feel that these impacts won’t be major in Canada but you can’t ignore them”, Antunes said. Obama has said Cameron’s failure to persuade Parliament to approve airstrikes against Syria’s government was a wake-up call that heavily influenced his decision to call off his own planned strikes in 2013.
And speaking of the EU, Obama also hopped on the phone with German Chancellor Angela Merkel.
“Our shared values including our commitment to democracy and pluralism, and opportunity for all people in a globalized world – that will continue to unite all of us”, he added.
Clinton: “This time of uncertainty only underscores the need for calm, steady, experienced leadership in the White House to protect Americans’ pocketbooks and livelihoods, to support our friends and allies, to stand up to our adversaries, and to defend our interests”.
Leaders and political figures from around the world have reacted to the UK’s historic decision to leave the European Union. Or they can become a smaller, more isolated island that is a less important cog in the global economy – but at least one that honors its voters’ wishes. “While there will be uncertainty as Brexit negotiations go on we are still the financial center of the fifth-largest economy in the world”. Britons have “taken back their independence”.
The heads of the EU’s main institutions said in a statement on Friday that they want Britain to act on the vote “as soon as possible, however painful that process may be”.
“The result of the British referendum is disappointing”. He indicated that the growing sentiment of isolationism in Britain and around Europe was related to similar movements seen in the US this election season.
Obama raised the risks of declining British influence in sharp terms during his London visit.
The Organization for Economic Cooperation and Development, the International Monetary Fund and market economists have warned that the uncertainty caused by the so-called “Brexit” referendum could cause substantial economic impact.
The reassurance could not paper over what was clearly a blow to the president, who in one night saw his calls for unity rejected and his legacy in Europe reshaped.
Obama’s comments came in a written statement issued by the White House while the president was traveling in California.
With Europe facing unprecedented terrorist attacks this year, Obama also touched in April on security, noting that global challenges require “collective action”, and that the vote’s outcome “is a matter of deep interest to the United States because it affects our prospects as well”.
Obama said he was sure Britain’s exit from the European Union would be orderly and vowed that Washington would maintain both its “special relationship” with London and close ties to Brussels. Prime Minister David Cameron had said during the campaign itself that he would do that if the British people chose to leave.
Interestingly, Trump isn’t the only American who has tried to lay the Brexit vote at Obama’s feet. It seems to many that the woes of the British are just beginning.
“The net result will be the special relationship will be that much less special”, he said.
The anti-immigration rhetoric from the “leave” side is of particular concern to her now that the country has opted to withdraw from the European Union, she said.
The EU’s 28 European Affairs Ministers meet in Luxembourg to lay the groundwork for Brexit talks at the EU summit on June 28-29.
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Britain has Brexited, choosing populism and over pragmatism, insularity over inclusion – and leaving the world transformed and deeply anxious.
