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Brexit Optimism Misplaced: Time for Hardball
Wednesday, April 5, 2017 11:33
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mishtalk.com / Mike “Mish” Shedlock / April 5, 2017
I do not understand the optimism in some corners that a deal will be reached. Events in the last two days should open some eyes to the large and increasing chance there simply is no deal.
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The Wall Street Journal reports European Parliament Votes to Toughen Stance on Brexit.
Highlights
- By a 516-183 margin, the European Parliament voted to tighten Brexit discussion rules.
- On the disputed divorce bill, which EU officials expect to reach €60 billion ($64 billion), European politicians said it should cover not just all commitments made by the U.K. during its time as an EU member, but also so-called off-balance sheet items. These items would include, for example, the U.K.’s share of any losses made by the European Investment Bank during the U.K.’s time as a shareholder.
- Parliament also warned the U.K. not to pursue any bilateral deals with EU countries or nations outside the bloc for as long as Britain remained a member.
- The parliament also said the U.K. shouldn’t use cooperation in security and defense as a bargaining chip for trade relations.
- The UK must heed the jurisdiction of the European Court of Justice (Financial Times).
The post Brexit Optimism Misplaced: Time for Hardball appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/05/brexit-optimism-misplaced-time-for-hardball/
