The US President Barack Obama has warned against financial and global hysteria after Britain’s vote to leave the European Union, saying that while full European integration may be on pause, cataclysmic changes are unlikely.
"The best way to think about this is, a pause button has been pressed on the project of full European integration," the Guardian cited him as saying.
“This will be a moment when all of Europe says, ‘Let’s take a breath and let’s figure out how do we maintain some of our national identities, how do we preserve the benefits of integration and how do we deal with some of the frustrations that our own voters are feeling’,” Obama said.
