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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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Angela Merkel: We must prevent other nations fleeing EU

German Chancellor Angela Merkel. Credit: Reuters

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

Speaking at a Christian Democratic Union 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.

However, Ms Merkel maintained that it is not the right time to pursue a quick deepening of cooperation between eurozone member states.

Instead, the EU should act on popular concerns such as securing the bloc's borders, creating jobs and improving internal security, she said.

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