What World Leaders Are Saying About 'Brexit'
FOXBusiness.com looks at how global power players are responding to the shocking 'Brexit' decision.
U.K. Prime Minister David Cameron
“Britain’s economy is fundamentally strong… Although leaving Europe was not the path I recommended, I am the first to praise our incredible strengths. I have said before that Britain can survive outside the European Union, and indeed that we could find a way... I will do everything I can as prime minister to steady the ship over the coming weeks and months, but I do not think it would be right for me to try to be the captain that steers our country to its next destination.”
U.S. President Barack Obama
“The people of the United Kingdom have spoken, and we respect their decision. The special relationship between the United States and the United Kingdom is enduring, and the United Kingdom’s membership in NATO remains a vital cornerstone of U.S. foreign, security, and economic policy. So too is our relationship with the European Union, which has done so much to promote stability, stimulate economic growth, and foster the spread of democratic values and ideals across the continent and beyond. The United Kingdom and the European Union will remain indispensable partners of the United States even as they begin negotiating their ongoing relationship to ensure continued stability, security, and prosperity for Europe, Great Britain and Northern Ireland, and the world.”
Presumptive Democratic Presidential Nominee Hillary Clinton
"We respect the choice the people of the United Kingdom have made. Our first task has to be to make sure that the economic uncertainty created by these events does not hurt working families here in America. We also have to make clear America's steadfast commitment to the special relationship with Britain and the transatlantic alliance with Europe. This time of uncertainty only underscores the need for calm, steady, experienced leadership in the White House to protect Americans' pocketbooks and livelihoods, to support our friends and allies, to stand up to our adversaries, and to defend our interests. It also underscores the need for us to pull together to solve our challenges as a country, not tear each other down."
Presumptive Republican Presidential Nominee Donald Trump
“They’re angry over borders. They’re angry over people coming into the country and taking over… Basically they took back their country. And that’s a great thing.”
On David Cameron: “[David Cameron] didn’t get the mood of his country right on this and I think he was very surprised to see what happened, but he’s a good man.”
On a possible Scottish referendum: “That’s up to the people of Scotland.”
On the unraveling of EU: “It looks like it’s on its way and we’ll see what happens.”
German Chancellor Angela Merkel
“Germany has a special interest in seeing the EU succeed…In a world that grows together more and more, the challenges are great, too great so that individual countries may not cope on their own.”
Bank of England
“The Bank of England is monitoring developments closely. It has undertaken extensive contingency planning, working closely with [the HM Treasury], other domestic authorities & overseas central banks…[We] will take all necessary steps to meet its responsibilities for monetary and financial stability."
U.S. Federal Reserve
“The Federal Reserve is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the European Union. The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy."
“[There is] a great responsibility on all of us to guarantee the well-being of the people of the United Kingdom…[all must] take responsibility for the well-being and coexistence of the entire European continent.”
House Speaker Paul Ryan
“I respect the decision made by the people of the United Kingdom. The UK is an indispensable ally of the United States, and that special relationship is unaffected by this vote.”
Former U.K. Prime Minister Tony Blair
“I’m very sad for our country, Europe, and the world… We are a sovereign nation but we are more powerful with others… It's going to be a complicated process but it's important to bring our country together. It's still a resilient country and a strong country."
IMF President Christine Lagarde
“We urge the authorities in the UK and Europe to work collaboratively to ensure a smooth transition to a new economic relationship between the UK and the EU…We strongly support commitments of Bank of England and ECB to supply liquidity to the banking system and curtail excess volatility”
London Mayor Sadiq Khan
“You are welcome here. We value the enormous contribution you make to our city and that will not change as a result of this referendum. We all have a responsibility to now seek to heal the divisions that have emerged throughout this campaign—and to focus on what unites us, rather than that which divides us.”
The European Union
European Union presidents Schulz and Tusk, Prime Minister Rutte and European Commission President Juncker released a join statement:
"In a free and democratic process, the British people have expressed their wish to leave the European Union. We regret this decision but respect it.
This is an unprecedented situation but we are united in our response. We will stand strong and uphold the EU's core values of promoting peace and the well-being of its peoples. The Union of 27 Member States will continue. The Union is the framework of our common political future. We are bound together by history, geography and common interests and will develop our cooperation on this basis. Together we will address our common challenges to generate growth, increase prosperity and ensure a safe and secure environment for our citizens. The institutions will play their full role in this endeavour.
We now expect the United Kingdom government to give effect to this decision of the British people as soon as possible, however painful that process may be. Any delay would unnecessarily prolong uncertainty. We have rules to deal with this in an orderly way. Article 50 of the Treaty on European Union sets out the procedure to be followed if a Member State decides to leave the European Union. We stand ready to launch negotiations swiftly with the United Kingdom regarding the terms and conditions of its withdrawal from the European Union. Until this process of negotiations is over, the United Kingdom remains a member of the European Union, with all the rights and obligations that derive from this. According to the Treaties which the United Kingdom has ratified, EU law continues to apply to the full to and in the United Kingdom until it is no longer a Member.
As agreed, the “New Settlement for the United Kingdom within the European Union”, reached at the European Council on 18-19 February 2016, will now not take effect and ceases to exist. There will be no renegotiation.
As regards the United Kingdom, we hope to have it as a close partner of the European Union in the future. We expect the United Kingdom to formulate its proposals in this respect. Any agreement, which will be concluded with the United Kingdom as a third country, will have to reflect the interests of both sides and be balanced in terms of rights and obligations.”
G7 Finance Ministers And Central Bank Governors
"We, G7 Ministers and Governors, respect the intention expressed today by the people of the United Kingdom to exit from the European Union. We are monitoring market developments following the outcome of the referendum on the UK’s membership of the EU.
We affirm our assessment that the UK economy and financial sector remain resilient and are confident that the UK authorities are well-positioned to address the consequences of the referendum outcome.
We recognize that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability.
G7 central banks have taken steps to ensure adequate liquidity and to support the functioning of markets. We stand ready to use the established liquidity instruments to that end.
We will continue to consult closely on market movements and financial stability, and cooperate as appropriate.
We remain united and continue to maintain our solidarity as G7."