EU ready to start Brexit talks, says Angela Merkel

Claudine Rigal
Juin 12, 2017

So what does that mean for Brexit, the single issue that could determine the economic prospects for the United Kingdom, and the prosperity of its people for years to come?

Tim Farron demanded the PM delay the start of negotiations until the Government "reassessed its priorities" and told the public. The EU's chief Brexit negotiator Michel Barnier has highlighted challenges such as queues of trucks at Dover, serious disruption to air traffic, and overnight suspension of the movement of nuclear materials to the UK. We know then they must end.

Echoing the kind of trade negotiation that Pena Nieto's government says it wants in negotiating with the U.S. to modernize Nafta, Merkel said the revised Mexico-EU deal can be "a classical situation where everyone wins".

With the decision to call the election three years early, May had planned to bolster her majority in parliament, thereby giving her a stronger mandate to take to the negotiating table next week with the European Union to discuss the nation's divorce process from the bloc.

With the UK economy expected to grow more slowly from here, UBS Wealth Management deputy head of UK investment office Caroline Simmons said she favors an underweight position on UK equities relative to their eurozone counterparts.

It was a society torn over the referendum to leave the European Union.

EU Commissioner Guenther Oettinger told Deutschlandfunk German radio that the Brexit timetable was "very ambitious" as negotiations would need to be wrapped up by October or November of 2018.

"We are waiting for visitors coming from London".

The future of the U.K.in Europe has reached a new peak of uncertainty. Recent data showed some are not prepared to wait any longer, and are starting to leave.

As news of British mayhem broke, Juncker was launching a new push for an expanded European Union defence project which Britain has long opposed, fearing a clash with the US -led North Atlantic Treaty Organisation alliance.

That is highly unlikely, although not impossible.

And those two parties together have taken a bigger share of the overall vote than in the 2015 election.

Unsurprisingly the main concern on the continent is how the result will impact Brexit. The lack of a clear majority for any party could force a more consensual approach. It may not have the parliamentary support to make compromises and stick to agreements.

That was also the broadly desired outcome in Brussels, where leaders believed that a stronger Ms May would be better able to cut compromise deals with the European Union and resist pressure from hard line pro-Brexit factions in her party which have called for Britain to reject European Union terms and, possibly, walk out without a deal.

When Theresa May made her shock announcement on 18 April calling a General Election, she said it was "to make a success of Brexit".

The fear now is that it will be more difficult for negotiators to work out any kind of Brexit deal-hard or soft.

European Council president Donald Tusk has congratulated Theresa May - after earlier warning Britain about failing to start official Brexit talks on time.

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