Stock market quotes, forex, financial news, forex tools – money-investing.com

There’s no such thing as a free lunch. The UK will pay 100 billion euros to the EU because of Brexit

 Breaking News
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
  • Israel economy sets anti-records Israel is a recognized high-tech paradise, a stable and strong platform for business development. However, the economy of the country in the Middle East has failed to resist the consequences...
  • A car rental service Hertz went bankrupt Hertz, the largest US car rental company, has filed for bankruptcy. The company was founded already in 1918. For a hundred years, Hertz has coped with the Great Depression, the...
  • Monday starts with the growth of oil prices The energy market started today’s trading session with the steady growth. Quotes are increasing on the signals about the recovery in demand and a decrease in production in the States....
There’s no such thing as a free lunch. The UK will pay 100 billion euros to the EU because of Brexit
July 14
13:00 2017

Today The Financial Times has published relevant material regarding financial obligations of the island state to the European Union. It’s worth noting, the financial commitments raised by the Brexit procedure are mentioned for the first time.

Official London has finally recognized the existence of such obligations and its willingness to agree on this issue. The public statement was made just in time. The matter is that the negotiations regarding the realization of Britain’s withdrawal from the European Union are planned to be held in Brussels next week. The unwillingness to pay for the exit with a high probability would cause a serious conflict at the future talks.

Yesterday the British government sent a written statement to the Parliament. It said that the situation with conflicting financial claims between the EU and the UK had to be settled.

Official Brussels estimates the compensation in the amount of 100 billion euros. Surely, the recognition of such a huge debt to the European Union will negatively affect the behavior of the British pound.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment