European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
The United Kingdom has voted to leave the European Union in a referendum.
With all the votes declared, the Leave side won by 52% to 48% with London, Scotland and Northern Ireland supporting continued UK membership in the EU, while England and Wales voted strongly for Brexit, the BBC and Sky News reported on Friday.
The Leave campaign had a lead of more than one million votes. At 72.1%, the turnout was the highest in a national poll since the UK 1992 general election.
Nigel Farage, leader of Eurosceptic UKIP party hailed the outcome of the referendum as the UK's "independence day".
The Bank of England said that it was monitoring the situation closely and would take all necessary measures to ensure financial stability after the British pound hit a 31-year low against the US dollar on Friday morningas the markets reacted to the outcome of the vote.
Britain will be the first country to leave the EU since the formation of the bloc but the process could take at least two years.
Article 50 of the 2009 Lisbon Treaty allows a country to start formally withdrawing from the EU. Once Britain has activated this clause, it has two years to negotiate its departure with the remaining members of the bloc.
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European Commissioner for Internal Affairs, Ylva Johansson, has highlighted the pressing need for increased labor migration in the European Union
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
French President Emmanuel Macron issued a stark warning to Europe, urging the continent to confront the challenges of a rapidly changing world
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
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