Merkel: We must stop other countries fleeing the EU

German Chancellor Angela Merkel has said action must be taken to prevent other EU countries from fleeing the EU.

Speaking at a CDU party executive board meeting, Ms Merkel said the financial markets are very concerned that the EU is no longer governable.

She added that all 27 remaining EU countries must consult together on the way forward following Britain's vote to leave the bloc.

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EU leaders demands speedy divorce with Britain

Leaders of the original six EU states have discovered a sudden need for speed when it comes to the British exit, reports ITV News correspondent John Ray.

They are demanding fast action while Britons process significant anger and domestic fallout from the unexpected vote to leave.

No need to rush split from EU, says Vote Leave chief

Mr Elliot said the UK should wait to negotiate over the terms of a split Credit: Reuters

Britain should not rush to press the start button on a formal divorce from the EU, the chief executive of Vote Leave has said.

Matthew Elliot suggested that the UK should wait until autumn before invoking article 50 of the Lisbon Treaty, which will kick-start the process of exit.

We don't think there is a need to swiftly invoke Article 50.

It's best for the dust to settle over the summer and during that time for there to be informal negotiations with other states.

– Matthew Elliot

Mr Elliot said the final deal should include agreements on the British contribution to the EU, access to the single market, extradition agreements and free trade "passporting" for financial services.

It comes after a European Central Bank boss warned that the UK could not expect all the benefits of EU membership unless it agreed to apply all the bloc's rules.

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Juncker calls for immediate 'divorce' talks with Britain

Jean-Claude Juncker on Britain's impending exit from the EU: 'It's not an amicable divorce'. Credit: Reuters

The European Commission's President has urged Britain to speed up "divorce" talks following the referendum result to leave the European Union.

Jean-Claude Juncker said exit negotiations should get "started immediately", adding that the EU would pursue a "reasonable approach".

"It's not an amicable divorce, but it was not exactly a tight love affair anyway," he told Germany's ARD television station.

Article 50: the rule-book for exiting the EU

Article 50 is effectively the rule-book on how to leave the EU.

Once triggered, we would have two years to negotiate our exit from the union, as ITV News' presenter Tom Bradby explains.

Brussels in survival mode as it bids to oust unwelcome UK

The leaders of the European Union have bared their teeth the day after Britain voted by a narrow majority to become the first member to leave the 28-member bloc.

ITV News Europe Editor James Mates reports on the angry response from Brussels, while far-right leaders across Europe urged their nations to put their membership to a public vote.

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No place for UK as summit invites EU's 27 other leaders

European Council president Donald Tusk will convene the first EU summit without Britain next week to discuss the impact of the Brexit vote.

European Council president Donald Tusk has called for negotiations on Britain's exit to begin quickly. Credit: Reuters

An EU official confirmed Mr Tusk will host the leaders of the 27 other members of the bloc on Wednesday.

Mr Cameron is due to attend only the first day of a scheduled two-day EU summit on Tuesday before the leaders discuss Britain's exit the following day.

Mr Tusk earlier joined senior EU representatives in issuing a direct challenge to Britain to implement the terms of its Brexit "as soon as possible, however painful that process may be".

EU leaders want Britain to enter 'painful' exit talks ASAP

Senior EU representatives have issued a direct challenge to Britain to implement the terms of its Brexit "as soon as possible, however painful that process may be".

Vote Leave leaders Boris Johnson and Michael Gove earlier said there was "no need for haste" in invoking the Clause 50 process to trigger Britain's formal two-year withdrawal.

Vote Leave leaders Michael Gove and Boris Johnson have insisted their is no rush to begin Britain's EU exit process. Credit: PA Wire

But a joint statement, led by European Council president Donald Tusk and European Commission president Jean-Claude Juncker warned "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.

– EU representatives' joint statement

Turkish PM sends message to EU as Pope talks Brexit

Turkey's prime minister has called on the EU to "reconsider its vision" in the wake of Britain's exit the EU referendum as world leaders and even the Pope responded to the historic vote.

Turkey's prime minister Binali Yildirim. Credit: Reuters

Binali Yildirim said European leaders should read the Brexit vote properly as he continued to press for his nation's admittance into the member bloc.

The issue of Turkey's potential future entry into the EU formed a key dispute between the Vote Remain and Vote Leave campaigners in the build up to Thursday's historic vote.

Pope Francis responded to the Brexit aboard his plane shortly after it left Rome for the Armenian capital, Yerevan. Credit: Reuters

Pope Francis meanwhile said Britain's EU exit was the "will expressed by the people" but must be followed by "guarantees" for the good of both Britain and countries on the continent.

South African president Jacob Zuma said his country could withstand the financial shocks caused by the Brexit.

Zuma said the treasury and central bank were in talks with financial institutions on the possible implications on Africa's most industrialised country.

Merkel to meet with Euro leaders to discuss UK's EU exit

German chancellor Angela Merkel has said it must the goal for the European Union to maintain "close future relations" with Britain as she confirmed she will hold a summit of leaders on Monday.

Mrs Merkel said she will meet with the European Council president Donald Tusk, French president Francois Hollande and Italy's prime minister Matteo Renzi in Berlin on Monday.

Angela Merkel said Germany had a 'special interest and special responsibility' in European unity succeeding.

The German leader said she "deeply regrets" the decision of a majority of British voters at the ballot box to split from the 28-member bloc.

But amid apparent anxiety from other leaders, she said Europe needs to stay "calm and composed" in the wake of Britain's exit.

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