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28 Jun 2016

EU leaders tell Britain to exit swiftly, market rout halts

Author: admintech | Filed under: World

Britain's Prime Minister Cameron and EU Commission President Juncker arrive at EU Summit in BrusselsBy Michael Holden and Elizabeth Piper LONDON/BRUSSELS (Reuters) – European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth. British Finance Minister George Osborne, whose attempt to calm markets had fallen on deaf ears on Monday, said the country would have to cut spending and raise taxes to stabilize the economy after a third credit ratings agency downgraded its debt. European countries are concerned about the impact of the uncertainty created by Britain's vote to leave on the 27 other EU member states.

Source: http://news.yahoo.com/europe-presses-britain-quick-exit-limit-global-fallout-103416003–business.html