Live on Bloomberg TV

00:00LET'S GET TO RYAN CHILCOTE AND HE HAS BEEN KEEPING AND I ON THESE RESULTS. RYAN: PEOPLE HERE ARE VERY ANXIOUS. THEY ARE VERY CONCERNED. I WOULD GO SO FAR AS TO SAY THEY ARE PROBABLY ALARMED. WE HAVE THE EXECUTIVE ARM. THE LIGHTS WERE ON IN THAT BUILDING RIGHT THROUGH THE NIGHT. IT HAS GOTTEN A BIT LIGHTER HERE OVER THE LAST FEW HOURS AND THE LIGHTS ARE IN RELATIVE TO THE LIGHTS. NOW THEY SHIFT TO A TOTALLY DIFFERENT MOOD OF TRYING TO HANDLE THE SITUATION. A MEMBER, THERE IS NO MASTER PLAN FOR WHAT HAPPENS IF THE U.K. EXITS THE EUROPEAN UNION. THERE IS AN IDEA THAT THERE MUST BE SOME SHOW OF UNITY. BUT THE UNION, LET'S NOT FORGET, WAS NEVER SET UP TO ACTUALLY HAVE COUNTRIES LEAVE. IT WAS ONLY IN 2009 THAT THEY GOT THE LAW THAT SET OUT THE LEGAL FRAMEWORK FOR A DEPARTURE. HOW THAT HAPPENS, WHAT THEY SAY, THAT IS WHAT YOU WANT TO WATCH THIS MORNING. WE ARE GOING TO HEAR FROM MARTIN SCHOLZ FORCE -- SCHULTZ FIRST. WHAT HE SAYS WILL BE VERY IMPORTANT, BUT NOT AS IMPORTANT AS WHAT WE HEAR FROM JEAN-CLAUDE JUNCKER, THE PRESIDENT OF THE EUROPEAN UNION, THE PRESENT OF THE EUROPEAN COMMISSION. THEY ARE GATHERING AT 10:00 OUR TIME, ALONG WITH MARTIN SCHOLZ FROM THE EUROPEAN PARLIAMENT AND ALONG WITH THE DUTCH PRIME MINISTER, AND THEY WILL MAKE THE VERY FIRST STATEMENT FROM HERE IN BRUSSELS. IT'S REALLY IMPORTANT HOW THEY HANDLE THIS AND IT IS VERY DIFFICULT TO CALL THAT COULD THERE ARE MANY PEOPLE OUT THERE WHO THINK THAT THEY WILL PLAY A VERY HARD LINE ON THIS, CONCERNED ABOUT KEEPING THE UNION TOGETHER, CONCERN THAT, IF THEY GO SOFT ON BRITAIN, IF THEY APPEAR TO BE TOO ACCOMMODATING, THAT WILL ENCOURAGE EURO SKEPTICS AND OTHER COUNTRIES RIGHT AROUND THE UNION TO FOLLOW SUIT, HAVE THEIR OWN REFERENDUM AND THAT COULD LEAD TO THE FURTHER DISINTEGRATION OF THE EUROPEAN UNION. SO THERE IS NO MASTER PLAN. WHAT YOU ARE GOING TO HAVE TODAY IN BRUSSELS IS DAMAGE CONTROL. WHAT DO WE DO NOW? HOW DO WE GO FORWARD? MAGNUS: LET'S TALK ABOUT HOW WE GO FORWARD IF IT IS CONFIRMED. WE HAVE YET TO GET THE FINAL TALLY. WE'VE CHOSEN BREXIT IN THIS COUNTRY. WE HAVE TALKED IN SOME -- WE HAVE TALKED ABOUT SOME OF THE POLITICAL REACTION. WHAT ABOUT BRUSSELS? WHAT ABOUT THE HEART OF THE MACHINE? RYAN: WHAT WE CAN EXPECT IS AN EMERGENCY MEETING OF THE EURO GROUP, THE EUROZONE FINANCE MINISTERS. THAT COULD COME HERE AT EARLY AS THIS EVENING. THE HAS NOT BEEN CALLED YET. THAT IS SOMETHING TO WATCH FOR. WE COULD HAVE AN EMERGENCY SUMMIT OF EU LEADERS. THAT COULD COME THIS WEEKEND, PERHAPS AS EARLY AS SATURDAY. THERE IS AN ELECTION ON SUNDAY AND THEY WOULD WANT TO GET THAT MESSAGE THAT THE UNION IS SO STRONG OUT TO THE VOTERS BEFORE THAT ELECTION. BUT THE PLAN IS TO ADDRESS ALL OF THIS ON TUESDAY. THAT IS WHEN WE HAVE A REGULARLY SCHEDULED EU HEADS OF STATE MEETING. IN THE CASE EVERY MAN, IT IS SUPPOSED TO BE THE UK'S RENEGOTIATION OF THE DEAL THAT DAVID CAMERON REACHED BACK IN FEBRUARY. IF THIS BREXIT SCENARIO IS FINALLY CONFIRMED, THAT IS WHAT THEY WILL BE DISCUSSING AND IT IS NOT GOING TO BE EASY. THIS CREATES A LOT OF DIVISION WITHIN THE EUROPEAN UNION ITSELF. ONE FOLLOWING TO WATCH AS THE DIVISION BETWEEN THE EUROZONE COUNTRIES, THOSE COUNTRIES THAT USE THE EURO AND THOSE THAT DO NOT. REMEMBER, 28 COUNTRIES WOULD BECOME 27 THE NUMBERS THAT USE THE EURO WOULD GO TO 20. THE ONES THAT DON'T WOULD GO TO SEVEN. JUST 14% OF THE UNION ECONOMIC OUTPUT, THERE A VOICE WOULD BE DIMINISHED AND THEY WOULD BE VERY CONCERNED ABOUT THIS BECOMING MUCH MORE OF AN ECONOMIC BLOG, PUSHING ECONOMIC INTEGRATION.

No schedule data available.

Europe's Plan for Brexit

All the major broadcasters in the U.K. have called the vote for the "leave" side. Bloomberg's Ryan Chilcote reports on how the EU is trying to handle the outcome. He speaks to Bloomberg's Manus Cranny and Anna Edwards on "Countdown." (Source: Bloomberg)

More From Countdown
All episodes and clips

Bloomberg Markets
"Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens.
More episodes and clips