If none is allowed, EU law would automatically cease to apply to Britain after two years. EU leaders exhorted Britain on Saturday to activate as soon as possible Article 50 of the EU's governing Lisbon Treaty, which contains the exit clause and is the key to let the EU get on with its political life. Until it formally withdraws, Britain will remain a member, with all the rights and obligations that go along with membership. Member states must agree with a qualified majority — or about two-thirds — on Britain's departure. "There is a clear plea from the majority of member states to speed this process up," said Foreign Minister Bert Koenders of the Netherlands, which holds the EU presidency.

Source: Fox News June 25, 2016 11:15 UTC