Tusk reported that European leaders discussed the outcome of the UK referendum and took important decisions on the single market, the digital market, the capital markets union, on stemming irregular migration and on closer cooperation with NATO.
We decided on steps to deepen the Single Market further, especially when it comes to the digital market. We will also continue to develop the capital markets union despite the recent turmoil.
Most importantly, Prime Minister Cameron outlined the results of Thursday's referendum. Respecting the will of the British people, we all recognized that a process of orderly exit was in everyone's, and especially, in the UK's interest. Prime Minister Cameron undertook that the decision to trigger Article 50 of the Treaty on European Union be taken by the new leadership in Britain. Our discussions were calm and measured. Leaders understand that some time is now needed to allow the dust to settle in the UK. But they also expect the intentions of the UK government to be specified as soon as possible. This was a very clear message which I believe Prime Minister Cameron will take back to London.
We also considered the post-Brexit economic situation in the presence of the European Central Bank President, who reassured us about the good and constant cooperation of central banks. However, it was also made clear that Brexit means substantially lower growth in the UK, with a possible negative spillover all over the world. [...]
Full press release
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