U.S. President Barack Obama firmly believes that the exit of the United Kingdom from the European Union can go forward in an orderly fashion.
He also knows that there are likely some long-term effects, while the European Union Council says the United Kingdom cannot pick and chose what facets of the Union to keep and which to leave.
President Obama says, he knows the transition won't be easy.
IN: "That will...
OUT: ...that's recognized."
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