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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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'No informal talks before Britain invokes Article 50 to leave EU'

German government spokesman Steffen Seibert (L) pictured with Angela Merkel. Credit: Reuters

There will be no informal discussions between Britain and the EU before the British government invokes formal divorce proceedings by making the Article 50 request, a German government spokesman has said.

Steffen Seibert, spokesman for Chancellor Angela Merkel, told a news conference: "One thing is clear: before Britain has sent this request there will be no informal preliminary talks about the modalities of leaving."

Only when Britain has made the request according to Article 50 will the European Council draw up guidelines in consensus for an exit agreement.

– Steffen Seibert, spokesman for Chancellor Angela Merkel

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