‘Brexit vote irreversible’

Tokyo stocks rebounded in the morning trading session after losing 8 percent on following the Brexit vote. Photo: Franck Robichon

Tokyo stocks rebounded in the morning trading session after losing 8 percent on following the Brexit vote. Photo: Franck Robichon

Published Jun 27, 2016

Share

 

Kuenzelsau - The British vote to leave the European Union is irreversible and London should file its official application to leave the bloc soon, German Finance Minister Wolfgang Schaeuble said on Monday.

“I don't think the British decision to leave the EU is reversible,” Schaeuble said in a speech in the southern German city of Kuenzelsau, adding it would be “decent” if Britain filed its official application to exit the EU soon.

Schaeuble said there had been no chaos on financial markets so far after the Brexit vote, but the German government would continue to monitor the situation very carefully.

“It's crucially important now that we act wisely and cautiously in order to keep the damage as small as possible,” the veteran conservative politician added.

Reuters

Related Topics: