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26 Jun 2016

British EU vote unnerves world leaders and markets

Author: admintech | Filed under: World

A man holds up the German newspaper Bild with the titel "OUTsch!", for the camera, in BerlinBy Estelle Shirbon and Ben Blanchard LONDON (Reuters) – Britain plunged deeper into political crisis on Sunday after its vote to leave the European Union last Thursday, leaving world officials and financial markets confused about how to handle the political and economic fallout. Britain's Prime Minister David Cameron is expected to stay on in a caretaker role until the UK Conservative Party elects a new leader in about three months, after he resigned on Friday. British Finance Minister George Osborne, who had warned during the campaign that a "Brexit" would cause financial market volatility, scheduled a statement for 7 a.m. London time(0600 GMT) on Monday to provide reassurance about "financial and economic stability".

Source: http://news.yahoo.com/british-eu-vote-unnerves-world-leaders-markets-011943956–sector.html