EU rejects British proposals "to maintain benefits of the single market without the obligations"

EU rejects British proposals “to maintain benefits of the single market without the obligations”

Wednesday, July 1st 2020 - 08:33 UTC

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British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the bloc’s chief Brexit negotiator Michel Barnier said on Tuesday. Read full article

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Pugol-H
Humm, really, except the EU has done an almost identical deal with Japan, who are not in the EU or the Single Market. Bonsai cheery picking perhaps.

One to watch this, in certain areas (the big money ones) the EU needs the city of London, in other areas like derivatives you can do in Europe, at five to ten times the cost.

They can shoot themselves in both feet with this, we shall see how clever they are.
Jul 01st, 2020 - 03:10 pm - Link - Report abuse 0
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