EU commissioner urges quick UK action to implement Brexit

England ought to act rapidly to leave the European Union, to utmost instability that is rattling speculators, the European Union's computerized economy chief said on Monday.

A two-year procedure to stop the EU will start when Britain's PM conjures Article 50 of the EU's Lisbon Treaty. English Prime Minister David Cameron could do that when he meets the EU's other 27 national pioneers in Brussels on Tuesday, EU authorities have said.

In any case, in the result of Britain's vote to leave the EU, Cameron said on Friday he would leave in October and that he would abandon it to his successor to begin the procedure - a choice condemned by Guenther Oettinger, the EU official for computerized economy and society.

"Each day of instability keeps financial specialists from putting their assets into Britain, furthermore other European markets," Oettinger told the Deutschlandfunk German radio station. "Cameron and his gathering will bring about harm in the event that they hold up until October."

Worldwide securities exchanges lost about $2 trillion in quality on Friday, the day after Britain voted to clear out. The pound dove to a 31-year low.

Oettinger said he questioned that Britain's choice to leave the EU would be turned around. He additionally asked the remaining EU nations to concentrate on fortifying the EU and taking a shot at genuine issues, for example, the relocation emergency, rather than debating legally binding changes.

Germany ought to "lead as a major aspect of an European group", Oettinger said.

(Reporting by Andrea Shalal, altering by Larry King)
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