--- 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: 2026-10-06T09:51:31.667Z 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=1200&quality=75&auto=webp&crop=16:9 og:image:width: 3000 og:image:height: 1688 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=1200&quality=75&auto=webp&crop=16:9 ---  # Read President Obama's Remarks on 'Brexit' and Globalization > Sponsored content. 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It explains the politics, personalities and power dynamics behind the headlines, twice a week. #### Where can I get analysis of Washington politics by email? D.C. Brief is TIME's free Washington politics newsletter, available at time.com/newsletters. It is written by a TIME senior correspondent who covers the capital full time. #### Who writes TIME's D.C. Brief? Philip Elliott, a senior correspondent at TIME, writes D.C. Brief. #### Is D.C. Brief free? Yes. D.C. Brief is free at time.com/newsletters. ### Sources * TIME Newsletters: [time.com/newsletters](/c/time-nl-dcbrief-2026q3/newsletters?i=078f6dc4-8dee-4f72-8098-267d42daf79f&cr=time-nl-dcbrief-2026q3-v1) ## Video: Watch World Leaders React To Brexit [Watch (HLS stream): Watch World Leaders React To Brexit](https://cdn.jwplayer.com/manifests/aTBkyAyg.m3u8) (1:47)  _Published 2016-06-24. Public figures around the world respond to the United Kingdom leaving the European Union._  by [Katie Reilly](https://time.com/author/katie-reilly/)  ## Katie Reilly Jun 24, 2016 7:49 PM UTC  by [Katie Reilly](https://time.com/author/katie-reilly/)  ## Katie Reilly Jun 24, 2016 7:49 PM UTC Listen 00:001.0x15:11 Narrated by TIME AI. 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: --- > “” --- ## Transcript The British people have voted to leave the European Union and their will must be respected. Yesterday's vote speaks to the ongoing changes and challenges that are raised by globalisation, but while the UK's relationship with the EU will change One thing that will not change is the special relationship that exists between our two nations. [ FOREIGN ]. [ FOREIGN ]. [ FOREIGN ] This is a momentous and historic decision. And we respect the wishes of the British people . >> Of course there will be impact in the UK's decision to leave the EU. For China, we respect the UK people's choice. We attach great importance in developing our relationship with the UK . >> [ FOREIGN ] [ FOREIGN ] Our friends of the United Kingdom are in responsible allied and this is a very special relationship. And that relation is going to continue no matter what, period end of the story. We really do it enough over the last few years To persuade the british public of the benefits of the European Union. Today on behalf of the 27 leaders I can say that we are determined to keep our unity as 27. 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