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- The Brexit talks do not seem to go very smooth
The Brexit talks do not seem to go very smooth
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Loading...At the previous meeting of the Brexit talks, moods were greatly exaggerated, and the likelihood of reaching agreements by the end of the year was very high. At the meeting on Wednesday, however, the moods were very cautious. European diplomats worry mainly about the risks posed by the political crisis born in the UK. Germany and France have asked the British negotiators not to be in a hurry to prepare the documents for a future trade deal in order to simulate good-going negotiations.
Britain has more than a month to improve its proposal for Brexit or risk another failure at the EU summit in December. The EU believes the UK must pay around $ 70 billion, but at the time UK has agreed to pay only one-third of that amount.
Germany believes the EU should vote on block expansion and delay Brexit, as Britain's exit from the EU will have a major impact on the Union's budget.
On the other hand, banks need to start preparing if they want to operate in continental Europe.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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