EU to Hold Brexit Summit for 27 Members on April 29

Mar 29, 2017, 01:10
EU to Hold Brexit Summit for 27 Members on April 29

The launch of the Article 50 means the starting of a two-year Brexit talks between London and Brussels on a deal to determine Britain's future relationship with the remaining 27 members of the EU.

Outlining his plans in detail for the first time, Michel Barnier told lawmakers in Brussels that there could be "total uncertainty" if no deal is clinched by March 2019.

Mrs May, who will trigger Article 50 to begin the UK's exit on March 29, has made clear she is ready to walk away from negotiations if she deems it necessary, insisting "no deal is better than a bad deal".

He repeated the European Union mantra that a trade deal with Britain could not mean a menu choice of Britain's current privileges and obligations and that such a deal could only come after an agreement on the terms of the divorce.

The former French government minister said the talks he will lead will be transparent and open, saying that "these negotiations can not take place in secret". This is the first time that a country has left the bloc, which this weekend is celebrating 60 years since its original formation.

"The quicker we agree on the principles of an orderly withdrawal the sooner we can prepare these future relations", Barnier said.

Britain voted to leave the EU in a referendum last June but the actual exit discussions can only start once May has triggered the so-called Article 50 of the EU Treaty.

Responding to Olivier Jankovec's comments on Brexit today, Charlie Cornish, Chief Executive of MAG, owner of Manchester, London Stansted, East Midlands and Bournemouth airports, said: "Negotiators must prioritise the agreement of a framework for air travel that provides early certainty to passengers and airlines about their ability to fly post Brexit".

Barnier said the European Union shared the ambition of Britain's Prime Minister Theresa May to reach a "bold and ambitious free trade agreement" to replace current ties, but noted its terms would be less favourable than those governing Britain trade with the European Union now. Sturgeon says Scotland mustn't be "taken down a path that we do not want to go down without a choice".

He gave examples such as Polish students wondering if they can continue to access universities in Britain, Romanian healthcare workers in British hospitals and British pensioners in Spain unsure whether they will continue to receive benefits.

The European Commission is seeking to crack down on states using regulatory shortcuts to lure business from Britain and said on Tuesday it is considering a more powerful securities watchdog to counter fragmentation after Brexit. "I have also been clear that as we leave the European Union I will work to deliver a deal that works for the whole of the United Kingdom".

European Union officials in the meetings were clear, however, about the rigidity of the rules, amid concerns at a senior European Union level that too many in the aviation industry are in denial about the consequences of the UK's decision to leave the bloc. If you would like to discuss another topic, look for a relevant article.

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