London Guardian
June 28, 2016
June 28, 2016
Barack Obama has warned against financial and global hysteria after Britain’s vote to leave the European Union, saying that while full European integration may be on pause, cataclysmic changes are unlikely.
“There’s been a little bit of hysteria post-Brexit vote, as if somehow Nato’s gone, the trans-Atlantic alliance is dissolving, and every country is rushing off to its own corner. That’s not what’s happening,” Obama told National Public Radio in an interview that aired on Tuesday.
Obama’s comments come as global financial markets recovered slightly on Tuesday after the shock result of Thursday’s vote wiped a record $3tn off shares worldwide. Still, trading was volatile even as policymakers vowed to protect their economies.
The vote also unleashed political chaos, prompting the resignation of British prime minister David Cameron, igniting uncertainty about the rest Europe, and raising concerns about democratic order in an era of globalization and rising populism.
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