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Brexit: Merkel warns no way back

Wednesday, June 29, 2016 - 01:42

Hundreds turn out in London to protest Britain's decison to leave the European Union but Germany's Chancellor says she sees no way back. Paul Chapman reports.

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Britain's referendum that resulted in a decision to leave the European Union has caused massive rifts between those who wanted out and those who wanted to stay. This rally in London to protest the 'Leave' vote of more than 51 per cent drew hundreds in support. Some of their anger was directed at Boris Johnson, one of the high profile campaigners for an EU exit and possible contender for the prime minister's job. Some lawmakers have joined calls for a second referendum. But German Chancellor Angela Merkel says she sees no way back for Britain now. (SOUNDBITE)(German) GERMAN CHANCELLOR ANGELA MERKEL SAYING: "Let me be very open with you. Tonight I don't see any way of taking back this decision. We could all do ourselves a great favour if we would accept this as a reality. This is not the time for wishful thinking but it is a time of facing reality." Last week's referendum wiped a record $3 trillion off the value of global shares and sent sterling to its lowest level in 31 years against the U.S. dollar. European leaders have told Britain on Tuesday to act quickly to resolve the political and economic confusion unleashed by the vote to leave. The IMF's warning the uncertainty could put pressure on global economic growth. Prime Minister David Cameron's said he'll step down in October and leave it to his successor to officially begin the split.

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Brexit: Merkel warns no way back

Wednesday, June 29, 2016 - 01:42