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| Obama: Brexit puts European integration project on hold | Obama: Brexit puts European integration project on hold |
| (35 minutes later) | |
| Britain’s decision to leave the EU has put the project of full European integration on pause, US President Barack Obama has said. | |
| Obama told American media organization NPR on Tuesday that Brexit has led to an over-reaction across the globe. | |
| “There's been a little bit of hysteria post-Brexit vote, as if somehow NATO's gone, the trans-Atlantic alliance is dissolving, and every country is rushing off to its own corner. That's not what's happening,” he said. | |
| He added that he wouldn’t “overstate” this hysteria. | |
| “I think that the best way to think about this is, a pause button has been pressed on the project of full European integration.” | |
| The US leader pointed at Norway, which is not an EU member but remains on friendly terms with the union. | |
| “If over the course of what is going to be at least a two-year negotiation between England and Europe, Great Britain ends up being affiliated to Europe like Norway is, the average person is not going to notice a big change." | |
| The UK's unprecedented decision to leave the EU has caused a furor across the world, with stocks plunging amid financial and political uncertainty. On June 23, at least 51.9 percent voted to leave the union. | |
| READ MORE: European markets rebound after two days of heavy losses |