Sunday, June 26, 2016

German Foreign Minister Frank-Walter Steinmeier says the EU must not fall into "depression and paralysis" after the UK voted to leave the bloc.  He made the comments arriving for an urgent meeting of the six EU founder members to discuss the decision.  They will consider the process and speed of Britain's exit, and are also likely to discuss how to dissuade others from doing the same.  Britain's Prime Minister David Cameron has said he will step down by October.  The six countries attending the talks in Berlin - Germany, France, Italy, Belgium, Luxembourg and the Netherlands - first joined forces in the 1950s and still form the core of the EU.  The first summit of EU leaders with no British representation will be held on Wednesday. The EU has urged the UK to start negotiations to leave quickly.  European Commission head Jean-Claude Juncker stressed the "Union of the remaining 27 members will continue".  Global stock markets fell heavily on the news of the so-called "Brexit", where the UK voted by 52% to 48% to leave the EU. The value of the pound has also fallen dramatically.

No comments: