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Britain, Europe scramble to contain Brexit crisis

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Britain, Europe scramble to contain Brexit crisis

AFP, June 27, 2016 – British Prime Minister David Cameron will gather his cabinet Monday at the start of a crunch week for Europe’s leaders after the country’s shock vote to leave the EU, seeking to head off further turmoil.
Finance minister George Osborne will also break his silence and try to reassure financial markets following the momentous Brexit vote, which has fuelled fears of a break-up of the United Kingdom with Scotland vying for independence.
US Secretary of State John Kerry is due in London later in the day after a stop-off in Brussels, while the leaders of Germany, France and Italy will meet in Berlin.
Three days after Cameron announced his resignation, opposition Labour leader Jeremy Corbyn is also facing pressure to stand down, with a string of his top team resigning Sunday.
EU powers have called for a swift divorce amid fears of a domino effect of exit votes in eurosceptic member states that could imperil the integrity of the 28-nation alliance.