Friday, June 24, 2016

British Prime Minister David Cameron Resigns


Ginanne Brownell Mitic
Britons voted Thursday to leave the 28-nation European Union, a historic vote that sent shock waves across the continent and prompted Prime Minister David Cameron to announce that he will step down by October.
“The will of the British people is an instruction that must be delivered,” Cameron said after voters decided, by a 52-48% margin, to quit the union that created a continent-wide economy and strived to ensure that Europe never again is engulfed by conflict like the two world wars of the 20th century.
Cameron, the Conservative Party leader who has led Britain for the last six years and who campaigned vociferously to remain in Europe, said it was time for “fresh leadership” to determine how and when to launch the process of dividing from Europe.

Welcome to the world after Brexit: Here's what happens next

First — technically speaking — the referendum is not legally binding. In theory, Cameron, who plans to leave by October, could ignore the will of a slight majority of voters, and not make any moves to exit the political and economic bloc.
But Cameron, who led the campaign to remain in the EU, is likely to invoke Article 50 of the Lisbon Treaty, which begins the legal process for leaving the bloc.

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