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Britain may not exit European Union: Germany's EU Commissioner

Once Article 50 ?- the legal process of leaving the bloc ?- is triggered, it would start a two-year countdown to Britain's exit from the European Union. Photograph: (Getty)

WION Berlin, Germany Aug 30, 2016, 10.41 AM (IST)
Germany's EU Commissioner Guenther Oettinger today said it is possible Britain will not exit from the European Union after the June 23 vote.

Oettinger told Germany's daily Bild that although EU leaders considered the Brexit vote as "politically binding", "but it is possible that public opinion will tip if the economic situation in the wake of the Brexit vote worsens."

"In any case, I wouldn't place any major bets on Brexit," Oettinger, who has been Digital Economy and Society commissioner in EU bloc since 2014, told Bild.

Once Article 50  - the legal process of leaving the bloc  - is triggered, it would start a two-year countdown to Britain's exit from the European Union.

Oettinger said the longer the British government waited to trigger Article 50 of the EU's Lisbon Treaty, "the more insecure the situation will become  - economically and politically".

Prime Minister Theresa May has said that Britain would take time to exit the EU, the government needing time to clarify Britain's exit objectives first. German Chancellor Angela Merkel has urged more clarity on the timeline with regard to Article 50 of the Lisbon treaty.

(WION with inputs from AFP)
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