Tuesday, June 28, 2016

German Chancellor Angela Merkel exhorting Hollande, Renzi to keep EU together

German Chancellor Angela Merkel is one of the most powerful female leaders in the world. She is urging France, Italy and other EU nations to collaborate on peace keeping moves during the 'Brexit' crisis. Five days ago, Great Britain made the shocking decision to leave the European Union. Global stock markets went into a selling frenzy for the past two trading days, following the ridiculously close vote in Great Britain for exiting EU. The UK has been a close ally to the US, and Great Britain would leave the EU in 2018 officially. IMF Director Christine Lagarde is calling on Bank of England, and ECB (European Central Bank) to attain financial stability. Meanwhile, Francois Hollande met with Italian premier Matteo Renzi to discuss the EU's next move in Berlin, Germany. Almost 52% voted to leave EU, while 48% voted to stay in EU per EU referendum results on 6-24-2016. In terms of the US presidential candidates thoughts on Brexit, Hillary Clinton was in the 'stay in the EU' camp. Republican candidate Donald Trump is quite happy that 'Brexit' is happening. Finally, David Cameron is resigning as PM of Great Britain. In October 2016, the people of Great Britain will have a new Prime Minister. Cameron is leaving after six years, and he believes that a fresh wave of leadership is needed. Will the UK be able to avoid an economic fallout from the 'Brexit' crisis? This result is yet to be determined, and the global economy needs to avoid recession in 2016 and 2017. Boris Johnson, the ex-London mayor, is a front runner for PM in the minds of many UK voters. The value of the UK pound has dropped over the past few days, and the British pound is losing its value quickly. Enjoy the picture above of David Cameron, and Samantha Cameron. Samantha looks sad, as her husband is announcing his decision to leave the PM position.

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