Brexit to hurt both sides-EU willing to pursue hard divorce scenario

EU willing to pursue hard divorce scenario

Editor: Vlad Rothstein | Tactical Investor

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Who cares? To which most will respond what, how can you say that? To which the observer will respond, remember the point is to polarise the crowd. The objective here is not to provide real revelations to the masses but to agitate them. When the crowd is agitated, you can fleece them, and they will not even notice what is going on.  On a separate note, there is no conclusive evidence to support these allegations. Observer Vs regular perspective regarding Russia’s alleged hacking of US elections

EU willing to pursue hard divorce scenario

“Everyone will feel the damage. The European Union is increasingly eager to make Brexit a ‘hard-scenario divorce.’ Not only in order to punish the British — that goes without saying — but also to discourage others and prevent possible repetitions of Brexit in other member states,” Chizhov said in an interview.

“The desire to shift the whole Brexit burden onto the British side is a natural reaction. On the other hand, EU interests will also suffer,” Chizhov added.

Britain might not pay €44 billion divorce bill

Britain might not pay a promised 39 billion pound ($51 billion, €44 billion) divorce bill to the European Union if both sides fail to reach a post-breakup free trade deal, Britain’s chief Brexit negotiator hinted on Sunday.

Brexit Secretary Dominic Raab told Britain’s Sunday Telegraph newspaper that EU law governing the talks required London and Brussels to negotiate their post-Brexit relationship alongside a divorce deal.

Talks on the divorce deal experienced a breakthrough in December, with Britain conceding to EU demands that it pay its remaining financial obligations after it plans to leave the bloc in March 2019

May was forced to accept the resignation of Raab’s hardline predecessor, David Davis, and Foreign Secretary Boris Johnson two weeks ago after they said her post-Brexit free trade deal proposal would keep Britain too close to the EU.

Raab’s EU counterpart, Michel Barnier, also expressed doubts about the proposal during their first meeting on Friday.

Both sides are hoping to reach a Brexit deal by October to give national parliaments enough time for its ratification. Disagreements about the status of the border between Northern Ireland, a British territory, and the Republic of Ireland, an EU member state, have also been plaguing the talks for months. Full Story

 

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