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  • France to Britain: ‘We want our money back’

    From politico.eu

    Britain must pay what it owes to the EU as a precondition of starting post-Brexit trade deal negotiations,French Economy Minister Bruno Le Maire said Wednesday. “It was Margaret Thatcher who had said to the European Union at the time: ‘We want our money back,'” Le Maire told French parliament’s economic affairs committee. “We can always debate the amount, but the fact the U.K. must pay what it owes to the budget of the European Union — it is a non-negotiable prerequisite at the beginning of the [Brexit] discussions,” the French economy minister said. There is a consensus among EU negotiators that ... (full story)

OMG! From bad to worse...
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Why UK do not start trade deal negotiation with other countries first? Then only Brexit at the last of the list. If this is done, UK will be better prepare for Hard Brexit.
Take my view with a pinch of salt!
hahahah europe is getting angry and mad coz they are losing piece after piece every day
Britain to france. Sit down n swivel
'Life' only really begins just over the edge of our comfort zones
They are trying to sink GB at any cost
Quoting anudora
Why UK do not start trade deal negotiation with other countries first? ....
That is actually quite a good idea. There will be argument over the fact that UK is not supposed to negotiate whilst being a member of the EU, ....who gives a centime.
Carbon-Dioxide: the gas of life!
This highlights absolute joke that is EU. Give them a bunch of bananas for acting like monkeys.
“Article 50 TEU allows the UK to leave the EU without being liable for outstanding
financial obligations under the EU budget and related financial instruments, unless a
withdrawal agreement is concluded which resolves this issue.” (para. 135).

“The jurisdiction of the CJEU over the UK would also come to an end when the EU
Treaties ceased to have effect. Outstanding payments could not, therefore, be
enforced against the UK in the CJEU.” (para. 133).

https://www.cam.ac.uk/sites/www.cam.ac.uk/files/waibel-the-uks-liability-for-financial-obligations-arising-out-of-its-eu-membership.pdf
that's very low for europe to speak in this manner , they are the losers not UK
after all they are the one who lost a member and a great strong economy from their Union and now they are making it worse with such reckless comments
Great comments from France, I like this attitude, yes we will get our money back 100% guaranteed.

And no they are not going to walk away without a deal the UK (worst performing economy in the world) is to weak and approaching basket case territory fast so we can basically demand what we want.
Quoting barkie
Great comments from France, I like this attitude, yes we will get our money back 100% guaranteed. And no they are not going to walk away without a deal the UK (worst performing economy in the world) is to weak and approaching basket case territory fast so we can basically demand what we want.
you should do stand up
Adriaaaaan
Quoting Exodus
{quote} That is actually quite a good idea. There will be argument over the fact that UK is not supposed to negotiate whilst being a member of the EU, ....who gives a centime.
yup. Since hard Brexit is higher probability. And the EU is actually hoping for a Hard Brexit.
I think the trade deal negotiation with other countries should be done to first as a leverage against Hard Brexit. Let EU know UK prepare for hard Brexit.
Take my view with a pinch of salt!
Quoting Johnramb0
{quote} you should do stand up
He doesn't like doing any research or using any facts. It would be a pretty boring show. Laughing at someone just because they are stupid, would be a little mean.
Quoting Devauxt
{quote} He doesn't like doing any research or using any facts. It would be a pretty boring show. Laughing at someone just because they are stupid, would be a little mean.
Very Good Devauxt, that was funnier than anything he could say- love it.
EU dues are .7% of GNI, .3% of standardized VAT (20%), 80% of import taxes, and miscellaneous revenue from other sources. Does that really add up to 33 billion euros per year? Is that what it actually costs to join the EU club? And are the benefits worth it?

The French want three years of dues in advance before they even begin to negotiate a trade relationship? That's ridiculous. The Brits can easily establish trade relations with rest of the world. Where does that leave the EU?

And BTW, I thought the planned exit was April 2019. Why do the French want dues through 2020?
Britain should go through with hard Brexit and forget all this nonsense. La Maire is in no position to demand anything - and PM Theresa May should so inform him. All Le Maire and others are doing is trying to drag this out and squeeze as much money as they can from the UK before their cash-cow leaves.
seems to me MAY should ask for the immediate payment of moneys for war moneys owed to Britain
ONE MUST LEARN, DO IT AND IT WILL BE KIND TO YOU
"Fog in channel...Europe cut off!"
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  • Posted: Jul 20, 2017 5:44am
  • Submitted by:
     mumettrader
    Category: Fundamental Analysis
    Comments: 19  /  Views: 4,082