Off the wire
• It is necessary to "rediscuss" Mercosur's trade clause, says Brazil's interim president  • Bretix causes big losses in Spanish Ibex-35 stock Exchange  • Interview: Reducing unemployment, raising wages, challenges of next gov't in Spain  • Spotlight: Europe shocked by Brexit, integration in setback  • Chicago agricultural commodities close lower on Brexit  • ICRC keen to bolster its cooperation with China in Africa: official  • 1st LD Writethru: U.S. stocks plummet as UK votes to quit EU  • Spotlight: SCO leaders vow to lift cooperation to "qualitatively new level"  • Finnish leaders underline need for change in EU  • Feature: Egyptians enjoy happy and colorful Ramadan nights  
You are here: 　 Home

Obama confident about Britain's orderly transition out of EU

Xinhua, June 25, 2016 Adjust font size:

U.S. President Barack Obama said Friday that he is confident that Britain is committed to an orderly transition out the European Union.

The British "Leave" camp has won the historic referendum held on Thursday by obtaining nearly 52 percent of ballots, pulling the country out of the bloc after 43 years of membership.

"I do think that yesterday's vote speaks to the ongoing changes and challenges that are raised by globalization," Obama said at the 21st Century Entrepreneurship Summit held in Stanford University.

Obama said he had spoken with British Prime Minister David Cameron, whom he called an "outstanding friend and partner" on the global stage.

"We agreed that our economic and financial teams will remain in close contact as we stay focused on ensuring economic growth and financial stability," Obama said.

He reiterated that the "special relationship" between the U.S. and Britain will endure and the EU will remain "one of our indispensable partners."

Obama said he had also spoken with German Chancellor Angela Merkel and the two leaders agreed that the United States and its European allies will work closely together in the weeks and months ahead. Endit