France and Germany 'in agreement' over UK's EU exit

    France and Germany 'in agreement' over UK's EU exit

    June 27, Berlin: French President Francois Hollande and German Chancellor Angela Merkel have said they are in "full agreement" on how to handle the fallout from the UK's decision to leave the European Union.

    Hollande warned that "separated, we run the risk of divisions, dissension and quarrels". The two will hold talks later in Berlin amid a flurry of diplomatic activity in the wake of so-called "Brexit".

    The pound fell further in early trading in Asia on Monday as markets reacted.

    UK Chancellor George Osborne will issue a statement before the start of trading in the UK in a bid to calm markets, BBC reported.

    Speaking on Sunday, Hollande said there was no going back on the UK's decision, adding: "What was once unthinkable has become irreversible."

    Chancellor Merkel is to host President Hollande, Italian Prime Minister Matteo Renzi and European Council President Donald Tusk later on Monday.

    US Secretary of State John Kerry is also due in London and Brussels for talks.

    Speaking in Rome on Sunday, Kerry expressed regret at the UK's decision but said the US would maintain close ties with the EU.

    "Brexit and the changes that are now being thought through have to be thought through in the context of the interests and values that bind us together with the EU," he said.

    US President Barack Obama has already said that the special relationship between the US and the UK would endure despite Britain's decision, media reported.

    The Oslo Times International News Network


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