EU leaders reject informal talks with UK

The European Union will not hold informal talks with the UK until it triggers Article 50 to leave, Germany, France and Italy have insisted.

German Chancellor Angela Merkel (c), French President Francois Hollande (l) 

and Italian Prime Minister Matteo Renzi (r) met in Berlin

German Chancellor Angela Merkel hosted talks with French President Francois Hollande and Italian Prime Minister Matteo Renzi in Berlin.

The leaders called for a "new impulse" to strengthen the EU.

Last Thursday, British citizens voted 52-48 in favour of leaving the EU in a historic referendum.

Together with the UK, Germany, France and Italy have the largest economies in the EU.

Two ratings agencies, S&P and Fitch, downgraded the UK on Monday. A rating downgrade can affect how much it costs governments to borrow money in the international financial markets.

What did they say in Berlin?

All three leaders voiced regret at the UK's vote to leave, with Mrs Merkel calling it a "very painful and regrettable decision".

"We are in agreement that Article 50 of the European treaties is very clear - a member state that wishes to leave the European Union has to notify the European Council," Mrs Merkel told the joint news conference at the German chancellery.

"There can't be any further steps until that has happened. Only then will the European Council issue guidelines under which an exit will be negotiated.

"That means that, and we agree on this point, there will be neither informal nor formal talks on a British exit until the European Council has received the [UK's] request for an exit from the European Union."

President Hollande and Prime Minister Renzi emphasised the need to process the UK's exit as quickly as possible and focus on the challenges facing the remaining 27 states such as fighting terrorism and strengthening the borders.

"Our responsibility is not to lose time in dealing with the question of the UK's exit and the new questions for the 27," Mr Hollande said. "There is nothing worse than uncertainty."

"On the one hand we are sad but it is also the right time to write a new page in European history on what unites us," said Mr Renzi.

Prime Minister David Cameron confirmed in Parliament the UK was not ready to begin the formal withdrawal process.

"Before we do that we need to determine the kind of relationship we want with the EU," he said, stressing it would be up to his successor, due to be chosen by the autumn, to invoke Article 50.

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