Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Hollande says Brexit should not put free movement at risk

Published 10/15/2016, 01:58 PM
Updated 10/15/2016, 01:58 PM
© Reuters. French president Francois Hollande attends a meeting with figures from the cultural world and members of associations committted to peace in Syria, at the Elysee Palace in Paris

PARIS (Reuters) - French President Francois Hollande said on Saturday that Britain's decision to leave the European Union should not jeopardize the bloc's principle of free movement.

"They have decided to leave. I think the worst attitude would be to contest their choice or call into question the very foundations of the European Union," Hollande told a conference on Europe in Paris.

"So we have to see these negotiations to the end, while maintaining the principles of the European Union, notably that of free movement," he said.

In wide ranging remarks, Hollande said that although Britain was leaving the EU, it should continue to play a role in Europe's defense and that European nations would have to be less reliant on the United States for defense.

"There are elections in the United States. A female president will be elected," Hollande quipped, using the French feminine form "une presidente" without mentioning Hillary Clinton by name, to cheers and laughs.

"Beyond what she represents or her beliefs, know that we must not wait for the United States for the defense European territory. The U.S. will ask Europeans to defend themselves," he said.

© Reuters. French president Francois Hollande attends a meeting with figures from the cultural world and members of associations committted to peace in Syria, at the Elysee Palace in Paris

Hollande said the European Union and European states must do more to boost economic growth and not leave the responsibility to the European Central Bank (ECB) alone.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.