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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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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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