--- title: E.U. Referendum: Barack Obama on 'Brexit' and Globalization description: Here's what President Barack Obama said Friday at a summit on global entrepreneurship about the U.K. vote to leave the European Union canonical: https://time.com/4382299/barack-obama-brexit-referendum-entrepreneurship-summit/ author: Katie Reilly article:opinion: false article:content_tier: free article:published_time: 2016-06-24T19:49:27.000Z article:modified_time: 2026-02-22T22:50:58.640Z article:section: Politics og:title: Read President Obama's Remarks on 'Brexit' and Globalization og:description: He spoke Friday at a summit on global entrepreneurship og:url: https://time.com/4382299/barack-obama-brexit-referendum-entrepreneurship-summit/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt066213fed304db6f/69889964a988ca7dfd6b85f8/barack-obama-brexit-response.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: President Obama Speaks At The Global Entrepreneurship Summit og:type: article twitter:card: summary_large_image twitter:title: Read President Obama's Remarks on 'Brexit' and Globalization twitter:description: He spoke Friday at a summit on global entrepreneurship twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt066213fed304db6f/69889964a988ca7dfd6b85f8/barack-obama-brexit-response.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  # Read President Obama's Remarks on 'Brexit' and Globalization  by [Katie Reilly](https://time.com/author/katie-reilly/)  ## Katie Reilly Jun 24, 2016 7:49 PM UTC  President Barack Obama speaks during the 2016 Global Entrepreneurship Summit at Stanford University in California on June 24. President Barack Obama speaks during the 2016 Global Entrepreneurship Summit at Stanford University in California on June 24.Justin Sullivan/Getty Images  by [Katie Reilly](https://time.com/author/katie-reilly/)  ## Katie Reilly Jun 24, 2016 7:49 PM UTC President Barack Obama [said Friday](http://time.com/4382111/president-obama-on-brexit-u-s-and-u-k-special-relationship-wont-change/) that the [U.K. vote to leave the European Union](http://time.com/4381042/leave-eu-referendum-brexit-vote/) would not change the “special relationship” the country has with the United States. Speaking at the Global Entrepreneurship Summit at Stanford University, Obama said he had talked to [British Prime Minister David Cameron](http://time.com/4381240/brexit-david-camerons-resignation-speech-in-full/) and German Chancellor Angela Merkel about working together in the coming months. “I do think that yesterday’s vote speaks to the ongoing changes and challenges that are raised by globalization,” he said. Here are his complete remarks from the summit here: --- > “” --- ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4382299/barack-obama-brexit-referendum-entrepreneurship-summit/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4382299/barack-obama-brexit-referendum-entrepreneurship-summit/"},"headline":"Read President Obama's Remarks on 'Brexit' and Globalization","datePublished":"2016-06-24T19:49:27.000Z","dateModified":"2026-02-22T22:50:58.640Z","description":"He spoke Friday at a summit on global entrepreneurship","url":"https://time.com/4382299/barack-obama-brexit-referendum-entrepreneurship-summit/","keywords":["Barack Obama","White House","U.K.","United Kingdom","transcripts","Brexit"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt066213fed304db6f/69889964a988ca7dfd6b85f8/barack-obama-brexit-response.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Katie Reilly","jobTitle":null,"url":"https://time.com/author/katie-reilly/"}],"articleSection":"Politics","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt066213fed304db6f/69889964a988ca7dfd6b85f8/barack-obama-brexit-response.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"President Obama Speaks At The Global Entrepreneurship Summit","caption":"President Obama Speaks At The Global Entrepreneurship Summit","creditText":"Justin Sullivan/Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/politics/","name":"Politics"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/4382299/barack-obama-brexit-referendum-entrepreneurship-summit/","name":"Read President Obama's Remarks on 'Brexit' and Globalization"}}]}] ```