EU Summit: Cameron says discussions constructive, Merkel sees no way back from Brexit vote

UK Prime Minister David Cameron attended European Union meeting at Brussels on Tuesday and said discussions have been constructive and there is understanding that Britain and EU should have close relations. He said Britain will not turn its back on Europe.Cameron also said this EU summit will be his last one.

Meanwhile, German Chancellor Angela Merkel said EU leaders agree there can be no talks on Brexit with British government until article 50 invoked and made clear this cannot be delayed for a long time. She also sees no possibility for Britain to go back on Brexit vote.

RBNZ says house prices and dairy incomes pose financial stability risks

Reserve Bank of New Zealand said rapid increases in house prices and low dairy sector incomes pose financial stability risks, the Statement of Intent 
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EU Summit on Brexit: Hollande says UK will not have access to single market without freedom of movement or budget participation

French President, Francois Hollande said the UK will not have access to the single-market without freedom of movement and budget participation.
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