We Respect But Regret U.K. Result, Says EU's Dombrovskis
U.K. Prime Minister David Cameron is set to face his fellow European Union leaders for the first time since triggering a political earthquake that’s shaken the bloc’s foundations. Back in London, the race to succeed him is heating up. Cameron will endure an awkward dinner with his EU cohorts Tuesday after his effort to calm the U.K.’s divided public and soothe investors failed to stop the pound and the country’s biggest banks from getting clobbered. The premier has already announced he will quit after last week’s vote, leaving him little leverage at the table. His government has signaled it prefers a gradual exit from the EU while the region’s three largest economies are keen to set a timetable to contain the economic damage. European Commission Vice President Valdis Dombrovskis discusses with Bloomberg's Ryan Chilcote in Brussels.
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15:51 - The inaugural Bloomberg Global Business Forum brings together a collection of world leaders, global business executives and top investors to discuss innovative and collaborative ways to solve new opportunities and challenges to global economic growth. Michael Bloomberg, founder and majority owner at Bloomberg LP, and founder of Bloomberg Philanthropies, speaks with Francine Lacqua about the expectations he has for the event. (Source: Bloomberg)