Friday, June 24, 2016

The IMF urged the EU and the UK a smooth transition to a “new relationship” – RBC

The International Monetary Fund (IMF) called on the UK and the EU a smooth transition to a new relationship in the economy after Brexit. This is stated in a statement the head of the IMF Christine Lagarde published on the foundation’s Web site.

«We have taken note of the decision of the people of the United Kingdom. We call on the UK and European authorities to work together to ensure a smooth transition to new economic relations between the EU and the UK, including by clarifying procedures and common objectives, thanks to which will manage the process “, – she said

Lagarde also welcomed the ECB and the Bank of England commitment to support the liquidity of the banking system and curb excessive financial volatility.

heads of ministries of finance and banking regulators the G7 said in turn that confirms its assessment according to which the economic and financial UK sectors remain stable. Excessive volatility and “disorderly movements” in exchange rates could have adverse consequences for economic stability, but the central banks of the G7 “taken steps to ensure adequate liquidity and support market functioning,” the statement said.

The referendum in the UK took place on June 23 , its follow-up of 51.9% of voters were in favor of withdrawal from the EU. Prime Minister David Cameron has announced his resignation, promising to leave his position until the fall.

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