Published time: 24 Jun, 2016 06:06
© Rob Stothard / Reuters
Britons have voted to leave the European Union by 52% to 48% in a national referendum. The pound has plummeted and the news has triggered panic on the markets.
The ‘Leave’ campaign garnered 1,269,501 more votes than those who wanted to see Britain remain part of the European Union.
Stock markets from Tokyo to London collapsed on Friday as the UK’s major media networks projected a victory for the “Leave” campaign.
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Published time: 24 Jun, 2016 06:56
© Vincent Kessler / Reuters
The UK’s decision to leave the EU has caused much soul-searching across the bloc with an almost universal acknowledgement that Brussels needs to change. Euroskeptics across the bloc now believe it’s time for their countries to leave the EU.
The President of the European Parliament Martin Schulz said that the EU “respects the result” but it has its own responsibilities after now having clarity that the UK intends to go its own way. He was speaking before British Prime Minister David Cameron announced he was preparing to step down as the UK leader.
“Now is the time for us to behave seriously and responsibly. David Cameron has his responsibilities for his country; we have our responsibilities for the future of the EU. You can see what is happening to sterling on the markets. I don’t want the same thing to happen to the euro,” Schulz said.
European Council President Donald Tusk says that the EU is “determined to keep our unity as 27” and that the bloc had been “prepared for this negative scenario.”
“All the procedures for the withdrawal of the UK from the EU are clear and set out in the Treaties. In order to discuss the details of further proceedings, I have offered the leaders an informal meeting of the twenty seven in the margins of the European Council summit. And I will also propose to the leaders that we start a wider reflection on the future of our Union,” he said.
The German Foreign Minister Frank-Walter Steinmeier said the UK’s decision to leave the bloc was a “sad day for Europe.”
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Published time: 24 Jun, 2016 06:29
Nigel Farage (front), the leader of the United Kingdom Independence Party (UKIP) reacts with supporters, following the result of the EU referendum, outside the Houses of Parliament in London, Britain June 24, 2016 © Toby Melville / Reuters
The leader of the Independence Party (UKIP), Nigel Farage, has called for June 23 to go down in history as ‘Independence Day’, adding that it’s a “victory for ordinary, decent people, a victory against the big merchant banks.”“It’s a victory against the big merchant banks, against the big businesses, and against big politics,” Farage told supporters following the Brexit vote.
“I’m proud of everybody who had the courage in the face of all the threats, they had the guts to stand up and do the right thing.”
“People here don’t understand – they are too wealthy, they don’t get – what open-door, mass immigrations, the result of EU-membership has done to people’s wages, availability of getting GP appointments or their kids to go local schools…. I’m thrilled that we’ve done this.”
“The other big effect of this election is not what’s happened in Britain, but what will happen in the rest of Europe,” he added.
“In Denmark, a majority there are in favor of leaving, so we could be quite close to Dexit. And I’m told the same may apply to Sweden, and perhaps Austria, and perhaps even Italy too.”
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Published time: 22 Jun, 2016 05:22
German Chancellor Angela Merkel meets members of 4th Company, Rapid Action Force Medical Service (SES) of the German armed forces, Bundeswehr, at an army barracks in Leer, Ostfriesland, Germany © Fabian Bimmer / Reuters
Germany should substantially increase its defense spending to cope with “external threats,” Chancellor Angela Merkel has said, stressing that Berlin can’t count on the US, and the EU is incapable of defending itself.
During an economics conference in Berlin on Tuesday, Merkel said the EU can’t rely on the transatlantic partnership with the US to deal with external threats, Reuters reports.
“Sure enough this means that a country like Germany, which today spends around 1.2 percent of its gross domestic product (GDP) on defense, and the United States, which spends 3.4 percent of GDP for defense will have to converge,” Merkel said.
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UK leader says results of EU referendum require ‘fresh leadership’ and a new ‘captain’; will quit by party conference in the fall
British Prime Minister David Cameron on Friday announced he would resign in the coming months, following the UK’s dramatic vote to leave the European Union.
Cameron said he is not the “captain” that will steer the country through negotiations to leave the 28-nation bloc, which he opposed, and said he would tender his resignation by the time of the Conservative party conference in the fall.
He promised to try to “steady the ship” over the next months, but said a new leader should be installed by early October.
“I do not think it would be right for me to try to be the captain that steers our country to its next destination,” the British leader said outside his official Downing Street residence in London.
The UK requires “fresh leadership,” he said, adding that the will of the British people must be respected.
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David Friedman tells newspaper that Republican candidate would not necessarily support Palestinian state if elected
Presumptive Republican presidential nominee Donald Trump would support an Israeli annexation of parts of the West Bank and would likely back a complete annexation if Israel deems it necessary, a top aide to the candidate told Haaretz in an interview published Thursday.
David Friedman, who serves as Trump’s adviser on Israel along with Jason Dov Greenblatt, told the paper that, if elected, his boss wouldn’t necessarily adopt the positions of previous US presidents in supporting the establishment of a Palestinian state alongside Israel.
“Not without the approval of the Israelis,” Friedman said. “This is an issue that Israel has to deal with on its own because it will have to deal with the consequences… The Israelis have to make the decision on whether or not to give up land to create a Palestinian state. If the Israelis don’t want to do it, so he doesn’t think they should do it.”
Trump, he stressed, did not see a Palestinian state as “an American imperative” in any way. “Trump’s position is that we have to deal with reality and not hopes and wishes.”
He also called into doubt Palestinian rights to the land, saying, “We don’t accept the idea it is only about land. Nobody really knows how many Palestinians actually live there.”
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Netanyahu grows jittery over Middle East Quartet report
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