Merkel, Hollande Prod U.K. on Brexit Citing Market Uncertainty

  • Italy’s Renzi joins German, French leaders for Berlin talks
  • Leaders set September target for set of post-Brexit proposals

Merkel, Hollande, Renzi Agree on U.K. Exit Process

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Germany, France and Italy prodded the U.K. government to start the process of leaving the European Union, saying they want to move forward and limit market risks.

“There’s nothing worse than uncertainty that generates political and financial behavior that can be irrational,” French President Francois Hollande said at a news conference with German Chancellor Angela Merkel and Italian Prime Minister Matteo Renzi in Berlin on Monday. Merkel said “of course we talked about the markets” and “that’s why we believe we need to convey a common purpose.”