Brexit divorce ‘not amicable’ but must be quick: European Commission chief Juncker

About eight hours after the polls closed, Google reported that searches for “what happens if we leave the EU” had more than tripled.

Cameron said he would stay on and help “guide the ship” until October while the Tories choose their new leader, and said it would be his successor’s responsibility to officially notify the European Union of its plans to leave under Article 50 of the Lisbon Treaty, which would trigger two years of divorce proceedings from the other 27 members.

Mr Obama said he had spoken to British Prime Minster David Cameron and is confident the United Kingdom is committed to an orderly transition out of the EU.

European Commission President Jean Claude Juncker said the decision would be respected.

“It seems to me that Britain has never been divided”, Wishart said.

On Saturday, the foreign ministers of the EU’s six founding members – Germany, France, Italy, Netherlands, Belgium and Luxembourg – were meeting in Berlin to look at the legal landscape.

“There must be clarity”, Asselborn told reporters.

That would give the new prime minister the chance to work out his negotiating strategy and get it endorsed by the House of Commons in a vote – and perhaps even the people in a general election.

MEPs have also called for an extraordinary session of the European Parliament to be held in Brussels on Monday in the case of a Brexit vote. German Chancellor Angela Merkel tried to strike a more diplomatic tone, making clear she wasn’t particularly fond of the idea of pushing for a quick exit.

“There is no reason to be nasty in the negotiations”.

Legally, there is little the European Union can do to force Britain’s hand, since Article 50 must be triggered by the country that is leaving.

French far-right leader Marine Le Pen of National Front (FN) tweeted “victory for freedom” as the Brexit results were announced. “New PM will need to analyse options and have informal talks”.

-A majority of people aged 65+ voted for ‘Leave, ‘ while more than 60 percent of those aged 18-24 voted for Britain to remain in the EU.

Mr. Schulz’s criticism was joined by remarks by the leader of the European People’s Party, an EU parliamentary group that the British Conservatives were members of until 2009.

Biden, in remarks prepared for a speech at Dublin Castle, took a swipe at Trump who won the Republican nomination by highlighting some of the issues, particularly immigration, that appear to have won support for Britain’s “Leave” campaign. London has already been built up to be an incredible global finance center, and Europe is Britain’s most important market.

Bigger losses were seen on the eurozone’s main markets, Frankfurt and Paris, which both fell more than 10 percent at one point, as financial stocks took the biggest hit.

Credit rating agency Moody’s downgraded the UK’s economic outlook from stable to negative, saying Britain faces “a prolonged period of uncertainty … with negative implications for the country’s medium-term growth outlook”. The result also led to calls for no-confidence motion against Labour Party’s popular chairman Jeremy Corbyn who pushed for remaining in the EU.