The Obama administration is rushing to help contain the political and economic turmoil roiling Europe in the aftermath of the U.K.’s surprise decision to leave the European Union, with top U.S. officials seeking to ease tensions between European and British leaders over the timing of the divorce.
As the U.K.’s main political parties struggled to address a leadership crisis, U.S. Secretary of State John Kerry announced plans to visit Brussels and London from Rome on Monday, attempting to gauge, and potentially tamp down, reactions among leaders across the world’s largest trading bloc. The trip is an opportunity to understand how the transition will occur — something U.K. officials are still figuring out –and stress U.S. commitments to the U.K. and EU, a senior administration official said.
The blitz from U.S. officials come amid new uncertainty over the mechanics of Brexit, which has roiled global financial markets. European leaders this weekend sent new signals they’re eager to consummate the departure of the U.K. as a way to consolidate support for the union and ward off similar populist uprisings in their own countries.
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(Bloomberg) U.S. Races to Contain Fallout From European Turmoil Over Brexit
The Obama administration is rushing to help contain the political and economic turmoil roiling Europe in the aftermath of the U.K.’s surprise decision to leave the European Union, with top U.S. officials seeking to ease tensions between European and British leaders over the timing of the divorce.
As the U.K.’s main political parties struggled to address a leadership crisis, U.S. Secretary of State John Kerry announced plans to visit Brussels and London from Rome on Monday, attempting to gauge, and potentially tamp down, reactions among leaders across the world’s largest trading bloc. The trip is an opportunity to understand how the transition will occur — something U.K. officials are still figuring out –and stress U.S. commitments to the U.K. and EU, a senior administration official said.
The blitz from U.S. officials come amid new uncertainty over the mechanics of Brexit, which has roiled global financial markets. European leaders this weekend sent new signals they’re eager to consummate the departure of the U.K. as a way to consolidate support for the union and ward off similar populist uprisings in their own countries.
Read it all.