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Schulz said he regretted the choice made by UK citizens but that their will needed to be fully respected and implemented as soon as possible. He also added that Parliament would have to give its consent to the outcome of the negotiations with the UK and thus must be fully involved at all stages.
Schulz also stressed the need for the EU to change: “The European Parliament is convinced that things cannot go on as they have in recent years… We need to relaunch the European idea, to show a capacity for self-criticism, an awareness of where we should reform the EU to deliver more effectively and make it closer to citizens."
He highlighted the need for economic growth: "We must develop and democratise the Economic and Monetary Union to provide sustainable growth and jobs and to overcome persistent economic and social uncertainty." The President also called for action on taxes: "A central aspect of our strategy not only for growth, but also to rebuild trust in the EU, is the fight against tax fraud, tax evasion and money laundering. Our single market cannot function properly if member states are competing against each other in a race to the bottom, or if SMEs end up paying higher tax rates than multinationals." Schulz referred to the progress made in Parliament on legislative files in this area, while urging member states to do their part.