Britain was under pressure on Saturday to set out a quick timetable for a divorce from the European Union after the country’s historic vote to leave the bloc sent shockwaves around the world. Global stock markets plunged on Friday, and sterling saw its biggest one day drop in history after Britons voted by 52-48 percent to exit the EU, which it joined more than 40 years ago. Ratings agency Moody’s downgraded its outlook for Britain, saying its creditworthiness was now at greater risk as the country would face substantial challenges to successfully negotiating its exit from the bloc. European Commission President Jean-Claude Juncker said he wanted to begin negotiating Britain’s departure immediately. “Britons decided yesterday 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,” Juncker told Germany’s ARD television station. Prime Minister David Cameron announced on Friday he would resign after leading the failed campaign to stay in the bloc, and said someone else should take the lead in negotiating the unprecedented and complicated extrication. He suggested his replacement would be in place by October. That person could be his Conservative Party…
- UK ramps up no-deal preparations as Brexit poker begins
- UK PM May seeks 'one more push' from EU on Brexit
- What Britain in the EU means to us: five leading European writers on the threat of Brexit
- Commentary: Boris Johnson will become Britain's next PM. Let the games begin
- Britain confident of EU deal this year: Source
- US comes under pressure to share vaccines with rest of world
- No deal on Brexit trade more likely than agreement: EU Commission chief
- Victorious Johnson urges Britain to move past Brexit splits
- Commentary: What happens now when Boris Johnson, Brexiteers control Britain?
- Commentary: A Brexit madman or master bluffer? What’s behind Boris Johnson’s suspension of UK Parliament
Britain pressured for quick EU split as Brexit impact begins World have 312 words, post on at June 25, 2016. This is cached page on CuBird. If you want remove this page, please contact us.