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Former ECB president: Brexit would rock European stability

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The UK could take up to 10 years to negotiate trade deals with the U.S. if it leaves the EU, Barack Obama has said.

“It’s fair to say that maybe some point down the line there might be a UK-US trade agreement but that’s not going to happen anytime soon because our focus is negotiating with a big bloc, the European Union, to get a trade agreement done”.

President Barack Obama is offering some advice to young activists: Be realistic, and be ready to compromise.

Obama said that gay travellers should still go to the USA, and that they would be treated with “extraordinary hospitality”. Nigel Farage, the leader of Britain’s far-right U.K. Independence Party has proposed giving the U.K. the same status as Norway, which has access to the single market but is not bound by many European Union regulations on farming and domestic policy. “I don’t think the British people will be blackmailed by anyone, let alone a lame duck USA president on his way out”.

In an interview to The Daily Telegraph newspaper on Friday, Obama urged the U.K.to remain in the EU, saying the Union was created “from the ashes of war”.

Writing in United Kingdom publication The Sun on Friday, London Mayor Boris Johnson pondered that one of the reasons the bust may have been removed from the Oval Office because it is a “a symbol of the part-Kenyan president’s ancestral dislike of the British empire – of which Churchill had been such a fervent defender”.

“And those impulses, I think we can understand: they are reactions to changing times and uncertainty”.

Johnson continued his attack on Obama’s comment on Friday as he spoke to reporters: “It is very odd, it is perverse, it is hypocritical”.

Obama’s town hall covered issues such as terrorism, trade and the troubles in Northern Ireland.

“We have confidence that when the U.K.is involved in a problem that they’re going to help solve it in the right way”.

Touching on the threat from the Islamic State group, Obama also said the greatest allies in the anti-terror fight were Muslim Americans. Later in the evening, the US president is expected to have dinner with the Duke and Duchess of Cambridge and Prince Harry. But he said that Munir should be “encouraged” because of the cultural shift on the issue.

Speaking to about 550 invited British young people at a “town hall” event yesterday, Obama sought to pitch a more optimistic message to young Britons, who are considered to be more pro-European, if less active, voters than their parents.

Obama held up the recent nuclear deal with Iran as an example of the power of diplomacy over force.

British proponents of a so-called Brexit said they were outraged that an American president appeared to be trying to influence the outcome of such a crucial vote.

A courageous British university student is being praised worldwide after coming out as a non-binary person to President Obama.

Before his meeting on Saturday, Mr Obama visited the Globe Theatre to mark the 400th anniversary of William Shakespeare’s death.

Speaking alongside UK Prime Minister David Cameron at a news conference, he also addressed the potential consequences of a vote by Britain to leave.

Obama heads to Germany on Sunday for talks with Chancellor Angela Merkel and other top European leaders.

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