Farewell to the EU: how will the “divorce” of London and Brussels

Farewell to the EU: how will the “divorce” of London and Brussels

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Theresa May

Photo: Kirsty Wigglesworth / AP

Wednesday, March 29, the United Kingdom became the first country that started the process of leaving the EU. The negotiations promise to be hard, follows from the statements of politicians of the EU. Britain will lose influence on the European economy, acknowledged Prime Minister

March 29, in the first half of the day, the UK’s permanent representative to the EU Tim barrow gave the President of the European Council Donald Tusk, the Prime Minister’s letter Theresa may with notification to start the process of release of Velikobritanii of enterprises in accordance with article 50 of the Lisbon Treaty. The letter may have informed Tusk about the intention to withdraw from the EU and Euratom (atomic energy community). The UK joined the EU in 1973, the decision to withdraw was taken at a referendum in June last year.

Farewell to the European Union

Presenting the letter in Brussels coincided with the governmental hour in the lower house of the British Parliament. Speaking before Parliament, may said: “no Way back”. Out of the EU opens up great Britain is not so much a period of uncertainty as new opportunities, which cannot be neglected, said the Prime Minister. “We will make decisions and live according to its laws. We will build a fairer country for our descendants, proclaimed may. It is a chance for the current generation to make the country better and fairer”.

The Prime Minister’s statement was interrupted several times by shouts of disgruntled MPs from the opposition. “In an era of growing instability in the world as never before needs the liberal democratic values of Europe. Britain is also their parts. We leave just an institution of the EU but not Europe,” said Mae.

The Prime Minister acknowledged that the withdrawal from the European Union “will have consequences” and may lead to loss of influence of the country on the European economy. However, the case of London and its most — to achieve for the British “the most favorable deal with the EU” to continue the partnership with the continent and to strengthen international position.

The Council expressed regret in connection with the upcoming British exit from the EU. The next step, according to a statement from Brussels, will be the formation of a single negotiating position of the European Union. The priority objective of negotiations is to minimise the uncertainty after the decision of London. In his speech before the house of Commons may has promised to inform the British about the negotiations to keep the public in ignorance. Citizens of the Kingdom care how to operate the financial market and to ensure the rights of citizens in the EU, pointed out to the British media.

The negotiating position of London is described in the so-called White book, which the UK government published two months ago. The concept is to exit the European market and its replacement by bilateral trade and economic agreements. London wants to pursue their own policies in matters of migration, to ensure the priority of national courts and laws, but to preserve trade and economic relations with Brussels.



Tim barrow and Donald Tusk

Photo: Pool / AP

“Miss you already”

The launch of the Brexit process provoked a mixed political reaction among European diplomats. The Minister of foreign Affairs of great Britain, Boris Johnson in his Twitter called the event a “historic day” and promised to contact colleagues around the world, assuring them that London is committed to the “deep special partnership with EU”.

In response, former Minister of foreign Affairs of Poland and a close associate of Tusk Radoslaw Sikorski said ironically: “you’ve already had a similar partnership, and it called the membership”.

The new Minister of foreign Affairs of Germany Sigmar Gabriel saidthat the EU and UK should always remain friends and neighbors and what they still need each other. In similar vein, he expressed himself Tusk: “We miss you already”.

Way for two years

According to article 50 of the Lisbon Treaty, the participation of emerging countries in the common EU treaties automatically expire exactly two years after the filing of the notification of withdrawal, therefore, the UK will leave the EU no later than 29 March 2019. In two years, the parties must agree on the mechanism of a British exit from multiple agreements and to settle financial relations with the EU.

However, after the filing of the notice of London’s deprived of his vote, in the discussion on European issues: the next summit of the European Council (meeting of heads of state and government of the EU), which will be held on April 29, may is not invited.



What will be the UK after Brexit Video: RBC

Negotiating position of the EU Tusk promised to make public within 48 hours after receipt of the notice, i.e. until 1 April. Then will be known the date of the first round of negotiations. However, the edition of the Daily Mirror, citing European officials saidthat the substantive dialogue will start not earlier than may, when France’s presidential election.

However, before the beginning of negotiations, the European authorities have already started to take steps demonstrating a tough position in relation to the partners in London. Mei in his letter about the release insists that the process of harmonization of conditions of release should go hand in hand with the development of new cooperation agreements to avoid the period of uncertainty between the final output and the resumption of the partnership. However, German Chancellor Angela Merkel saidthat the discussion on the future relations of Britain with the EU should begin only after reaching a final agreement on the terms of exit.

“At present, the attitude of the EU to the UK is very hard, but most of all, it is in order to teach it to others, in further negotiations, the interests and the calculation will prevail,” — said the Professor of Tallinn University, the expert of the Valdai club Rhine, mullerson. In his opinion, the main real problem with the Brits is the lack of experience as an independent economic and trade subject: “for 40 years, while the UK was in the EU, it did not conduct any trade negotiations. Professionals who would have to do it, now not so much.”



Photo: RBC

One of the questions that you want to discuss the effects of the weakening of the pound sterling in the course of negotiating the British exit from the European Union, said Wednesday the Prime Minister of the EU presidency of Malta Joseph Muscat. The fall of the British currency, which is observed after the referendum, may give advantages in trade in the UK and damage the interests of continental Europe, he explained.

29 Mar leading index of the London stock exchange FTSE 100 up on the day’s result of 0.4%. In General, from the date of a referendum on Brexit 23 June 2016 it has grown more than 16%. As noted by The Independent, multi-month rally on the London stock exchange (LSE), despite political turmoil, primarily due to the decline of the British pound in dollar terms, the stock market index remained at the June level. Since the referendum nine months, the pound sterling to US dollar fell by the same 16%. At the same time, inflation in annual terms (in comparison with the prices 12 months old) rose from 0.8% in June to 2.3% in February.