Global arts shape winter lineup in Flushing A wedding dress exhibition, classic jazz concerts, Thunderbird American Indian dancers and a homage to the Lunar New Year are what’s in store for one of Queens’ diverse cultural institutions.
By Alastair Macdonald BRUSSELS (Reuters) - Stalemate between Britain and the European Union over what happens next following Britons' referendum vote to leave has opened up a host of possible scenarios. BY THE BOOK Prime Minister David Cameron, who said he will resign after losing his gamble to end British ambivalence about staying in, agrees with the EU establishment that the only legal way to leave is to use Article 50 of the EU's Lisbon Treaty to negotiate a withdrawal. In the most amicable divorce scenario, Britain would trigger Article 50, possibly (though unlikely now) as early as Tuesday when Cameron meets the other 27 EU leaders at a Brussels summit, or via a formal letter later from Cameron or his successor.
British finance minister George Osborne said on Monday that the public finances would suffer as a result of the vote to leave the European Union, but that new fiscal measures would not be proposed until a new prime minister was in place in the autumn. Osborne had warned before the June 23 vote that the country would need an emergency budget and risked a complete loss of confidence in its public finances if it voted to leave the EU, drawing criticism from Leave campaigners. "There will have to be action to deal with the impact on the public finances, but of course it's perfectly sensible to wait until we have a new prime minister to determine what that will look like," he told reporters in a news conference at Britain's finance ministry.
British Finance Minister George Osborne said the economy was in good shape to withstand the volatility ahead after the country voted to leave the European Union. "Our economy is about as strong as it could be to confront the challenge our country now faces.