Saturday, June 25, 2016

Angela Merkel urges calm over calls for immediate Brexit

Angela Merkel, the German chancellor, has attempted to rein in pressure from within Europe to force Britain quickly to trigger divorce proceedings with the EU, saying that while "it shouldn't take forever," rushing into an exit was unwarranted.

Ms Merkel's cautious words, coming during a day-long gathering of her CDU/CSU bloc, came in stark contrast to those from other EU leaders, including European Commission president Jean-Claude Juncker and even some within her own government, pushing for immediate Brexit.

Mr Juncker told German media that he would like Brexit proceedings "to get started immediately."

"Britons decided … that they want to leave the European Union, so it doesn't make any sense to wait until October to try to negotiate the terms of their departure," Mr Juncker said .... http://www.cnbc.com