International News

LONDON, (APP/AFP) – Europe angrily demanded
a quick divorce as sparks flew Saturday over Britain’s seismic
vote to abandon the EU, toppling Prime Minister David Cameron,
pounding world markets and fracturing the island nation.
European Commission chief Jean-Claude Juncker called for
rushing Britain out of the door as the bloc grappled with the
impending loss of one of the world’s top economies, the first
defection in its 60-year history.
Cameron announced Friday he would resign by October and
let his successor lead the exit negotiations under Article 50 of
the Lisbon Treaty which sets out a two-year time-frame to
leave.
“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 outgoing prime minister said as sterling, global stocks and
oil prices plummeted.
Britons, many worried about immigration and financial
insecurity, cast aside the prime minister’s warnings of isolation
and an economic disaster, voting 52 percent-48 percent in favour
of “Brexit” in Thursday’s referendum.
Moody’s cut Britain’s credit rating outlook to “negative”,
warning of the economic threat to the country.