 "Barack Obama 'confident' UK, EU can have 'orderly transition'")
US President Barack Obama said on Friday he was confident that Britain and the European Union (EU) could make an "orderly transition" towards new ties after Britain's vote to leave the bloc.
"As difficult as it will be, I am confident that the UK and the EU will be able to agree on an orderly transition to a new relationship, as all our countries stay focused on ensuring financial stability and growing the global economy," Obama wrote in a commentary in the Financial Times on the first day of a NATO summit in Warsaw.
"And, while the relationship between the UK and the EU will change, it is worth remembering what will not change. The special relationship between the US and the UK will endure," added Obama.
Britain's vote to leave the EU in a referendum on June 23 has sent shockwaves through the western political system and is a major topic for discussion at the meeting of the 28 NATO leaders in the Polish capital.
Obama is set to meet EU President Donald Tusk and European Commission Chief Jean-Claude Juncker on the sidelines of the summit, as well as holding talks with British Prime Minister David Cameron.
"As difficult as it will be, I am confident that the UK and the EU will be able to agree on an orderly transition to a new relationship, as all our countries stay focused on ensuring financial stability and growing the global economy," Obama wrote in a commentary in the Financial Times on the first day of a NATO summit in Warsaw.
"And, while the relationship between the UK and the EU will change, it is worth remembering what will not change. The special relationship between the US and the UK will endure," added Obama.
Britain's vote to leave the EU in a referendum on June 23 has sent shockwaves through the western political system and is a major topic for discussion at the meeting of the 28 NATO leaders in the Polish capital.
Obama is set to meet EU President Donald Tusk and European Commission Chief Jean-Claude Juncker on the sidelines of the summit, as well as holding talks with British Prime Minister David Cameron.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%