Saturday, 25 June 2016

Obama tries to limit fallout from British EU exit vote

US President Barack Obama on Friday tried to limit the fallout from Britain's vote to leave the European Union, which threatens to harm the US economic recovery, derail his trade agenda and distract US allies from global security issues.

Obama, who had argued passionately against Britain leaving the EU in a trip to the country this year, vowed that Washington would still maintain both its "special relationship" with London and close ties to Brussels.

"While the UK's relationship with the EU will change, one thing that will not change is the special relationship that exists between our two nations. That will endure," he told an event at Stanford University, referring to close ally Britain. "The EU will remain one of our indispensable partners," Obama said.

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