Bratain breaks with European Union,

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Bratain breaks with European Union,

Britain shocks world: British leader Cameron steps down

24 June, 2016 | arjun baral | 935 Views | comments

bratin

British voters defied the will of their leaders and international allies by cutting ties with the European Union in a stunning result Friday that threw financial markets into turmoil and forced Britain’s prime minister to resign.

As Britain absorbed the ground-breaking news, the political fallout reached to the highest level with Prime Minister David Cameron saying he would step down after championing the campaign to remain in the European Union.

Cameron said the country now deserved “fresh leadership” in the face of the rejection in Thursday’s referendum. Cameron, who enjoys a close relationship with President Obama, said he hoped a new prime minister could be in place by October.

He said that only after the transition in leadership would the country begin the formal process of withdrawing from the European Union. But immediate shock waves resonated in all directions.

The British pound plummeted to its lowest level against the dollar in decades, and stock markets dropped sharply around the world.

In his comments, Cameron sought to offer reassurances to jittery markets, calling Britain’s economy is “fundamentally sound” and said there would be no immediate changes in the status of immigrants in the country.

The vote is perhaps the most dramatic to date in a wave of populist and nationalist uprisings occurring on both sides of the Atlantic that are overturning traditional notions of what is politically possible.

It also will have a profound effect on the European Union, which will lose a major military and diplomatic power. “This looks to be a sad day for Europe and for Britain,” said Germany’s foreign minister, Frank-Walter Steinmeier.

For months, Britain’s political and economic elite had looked on with growing apprehension as the country flirted with a choice — popularly known as Brexit — that experts had warned could lead to global recession and a rip in the Western alliance. The vote could also lead to Scottish secession and raised the stakes for a possible broader E.U. unraveling.

तपाईले न्युज एनआरएन डट कमको ' एन्ड्रोईड एप्स ' डाउनलोड गर्नसक्नु हुनेछ | हामी सामाजिक संजाल फेसबुक ट्वीटरमा पनि छौं |

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