Obama: 'EU Will Remain One of Our Indispensable Partners' - KWWL - Eastern Iowa Breaking News, Weather, Closings

Obama: 'EU Will Remain One of Our Indispensable Partners'

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(NBC) -

The Brexit vote won't change America's relationship with the United Kingdom, President Obama said Friday, and it won't alter international security alliances.

"Yesterday's vote speaks to the ongoing changes and challenges that are raised by globalization, 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," he said during a speech at Stanford University in Palo Alto, California. "That will endure."

The stunning referendum outcome, plus Prime Minister David Cameron's subsequent announcement that he will resign, sent markets worldwide into a tailspin Friday.

Obama said he spoke with Cameron earlier Friday and "we agreed that our economic and financial teams will remain in close contact as we stay focused on ensuring economic growth and financial stability."

The president said he also spoke with German Chancellor Angela Merkel. The EU will continue to be a key partner to the U.S., along with NATO, he assured the audience.

"The EU will remain one of our indispensable partners. Our NATO alliance will remain a cornerstone of global security. And in a few weeks we'll be meeting in Warsaw for the NATO summit," he said.

"Our shared values, including our commitment to democracy and pluralism and opportunity for all people in a globalized world, that will continue to unite all of us."

Meanwhile, in Ireland Friday, Vice President Biden said that as "long-standing friends of the U.K," the U.S. respects the decision — but, he admitted, "This is not how we'd have preferred it to be."

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