Theresa May in search of a magic plan to invoke Article 50 and start Brexit negotiations now

Handshake between Theresa May, on the left, and Federica Mogherini. Date: 22/09/2015. Location: Brussels - EC/Berlaymont. © European Union, 2015. Source: EC - Audiovisual Service. Photo: Etienne Ansotte

Handshake between Theresa May, on the left, and Federica Mogherini.
Date: 22/09/2015. Location: Brussels – EC/Berlaymont.
© European Union, 2015. Source: EC – Audiovisual Service. Photo: Etienne Ansotte

The British government convenes today after its summer break in order to discuss about the imminent negotiations with the EU. All the ministers of the Cabinet are expected to bring concrete proposals on the table in order to be prepared for the Brexit talks.

It seems that Theresa May looks for favorable ideas in view of the upcoming G20 Summit in China. The Summit which will last two days is critical for Britain’s future since there are huge opportunities to be created and trading deals to be sealed among the 20 most powerful world economies.

Germany is strengthening though its harsh stance against Britain through Sigmar Gabriel who stated that the UK should not be allowed to hold EU’s benefits without taking full responsibility of Brexit. Germany’s Vice Chancellor added that it is Europe that will be in danger and become an unstable continent if Brexit is falsely managed.

UK gathers to set a Brexit plan

Theresa May and the Cabinet’s Ministers meet today at Chequers to plan how Brexit can be dealt in order to be beneficial for the country. One of the key issues that surely worries the UK Prime Minister is whether Britain must withdraw from the single market, which allows free trade and movement within Europe.

There are many members in the UK government such as David Davis, Brexit Secretary, and Liam Fox, International Trade Secretary, who support that leaving the internal market completely is the best choice because it will permit them regain control over the national borders.

On the other hand, Chancellor Philip Hammond does not want Britain to leave the single market and attempts to persuade Theresa May to keep access on a “sector by sector basis” emphasizing mostly on the financial services sector which is a top priority for the United Kingdom.

However, it is still too soon to make conclusions about whether UK will stay within the single market since an EU exit of a member state has not taken place ever in Europe’s history and given the fact that there are countries such as Norway and Switzerland that remain outside the EU but have access to the market by contributing to the EU budget.

UK and G20 Summit

The G20 Summit which is taking place on September 4-5 in Hangzhou, China is going to play a crucial role in UK‘s relationship with the rest of the world leading economies. Theresa May will have the chance to meet other leaders and try to convince them that Britain is still one of the largest economies in the world and will remain despite the exit from the EU. It will be critical to persuade everyone that UK is open to new deals and ready to substitute the one with the EU.

UK shows encouraging economic figures

The British economy seems to be rebounding with GDP growth to reach 0.6% in the second quarter compared to 0.4% in the first quarter according to the Office for National Statistics (ONS). More specifically, the ONS chief economist Joe Grice mentioned: “Today’s figures reinforce the picture that the economy grew strongly in April, and then remained relatively flat in May and June. Our survey returns, which include the period leading up to and immediately following the referendum, show no sign so far of uncertainty having significantly affected investment or GDP.”

Germany shows its teeth against UK

Germany leads the Brexit negotiations and attempts to make everyone realise that UK is not going to receive any special treatment because that would be harmful for the bloc. Particularly, Sigmar Gabriel, Germany’s vice-chancellor, made the following statements: “Brexit is bad but it won’t hurt us as much economically as some fear – it’s more of a psychological problem and it’s a huge problem politically. If we organise Brexit in the wrong way, then we’ll be in deep trouble, so now we need to make sure that we don’t allow Britain to keep the nice things, so to speak, related to Europe while taking no responsibility.”

Furthermore, German Foreign Minister Frank-Walter Steinmeier stressed out at a foreign ministry conference that both the EU and UK should set new rules that will be binding for their future relations.

Angela Merkel together with the German government clearly wants to show that the largest EU economy will keep the Old Continent integrated and won’t allow the other member states to be allured by the path that the UK has chosen.

UK and EU without any Brexit plan

No member state has ever left the EU and the UK together with the Old Continent will be found in uncharted waters during their negotiations once article 50 is invoked.

The main point is whether the EU will continue its harsh stance against UK committing to its current positions. What will be the alternative routes for Britain? Will Theresa May manage to find the best solution both for Britons and EU citizens? What is reassuring for the British government is that Theresa May has the power to inform the European Union that Britain is going to leave under Article 50 of the Lisbon treaty without the Parliament’s vote according to government lawyers.

However, there is no single doubt that even if the latter proves to be accurate, the coming two years post UK’s official decision to leave the EU will be tough for both parties. This will most likely affect once more the sluggish economy of Europe, which is not at its best for the past many years.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

European Business Summit 2014: The role of youth entrepreneurship education in EU’s Strategy for Competitiveness

What options the new President of Ukraine has?

From Grexit to Brexit: UK industry now says the in/out referendum is good for your health

Global Citizen – Volunteer Internships

Draghi rehabs ECB into a tool to support growth and employment; a departure from Teutonic orthodoxy

The US bugged Europe: Is this news?

MasterCard at European Business Summit 2015: A focus on innovation will drive inclusive economic growth for Europe

Commission deepens criticism on German economic policies

Why lay people don’t expect anything good from G20

GREXIT final wrap-up: nobody believed Aesop’s boy who cried wolf so many times

A Sting Exclusive: “Doing ourselves a favour”, Vice President Dombrovskis underscores that this time growth has to come from within the EU

EntEx Organises 5 Summer Schools for Young Entrepreneurs across Europe in June/July 2014

“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

Pharmaceuticals conceal drug side effects with the EU’s Court blessing

No better year for the EU’s weak chain links

Eurozone needs more than some decimals of growth

Trump to run America to the tune of his business affairs

G20 LIVE: “International communities and leaders have great expectations for 2016 G20 summit in Hangzhou China”, Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy stresses live from G20 in Antalya Turkey

Ukraine undecided over a strategic partnership with the EU

China-EU Special Report: Chinese Premier Li Keqiang endorses China’s big investment on Juncker’s plan at 10th China-EU Business Summit

EU to negotiate an FTA with Japan

A critical European young voice on Net Neutrality: the distance between Brussels and Washington

TTIP’s 11th round starts in Miami but EU-US businesses see no sunny side

The ECB again takes care of the bankers not the people

Commission’s feeble response to financial benchmarks fraud

Fair completion rules and the law of gravity don’t apply to banks

Towards the Rise of the United States of the Atlantic?

High-technology manufacturing saves the EU industry

Syria: Why did the US-Russia brokered ceasefire collapse? What does the duo care for?

The EU Commission lets money market funds continue the unholy game of banks

EU security and defence industry prepares positions for ‘producers’ and ‘customers’

Greece’s last Eurogroup or the beginning of a new solid European Union?

Financial Transaction Tax: More money for future bank bailouts?

How much more political is the new EU leadership? Does this include personal bend?

COP21 Breaking News_07 December: “Remove Roadblocks to Climate Action”

Eurozone: Inflation plunge to 0.4% in July may trigger cataclysmic developments

“C’est la vie”? French recession and unemployment to linger in Eurozone

China Unlimited Special Report: The trip to China

May a parody constitute a copyright infringement? European Court of Justice to give the answer

WEF Davos 2016 LIVE: “It is the implementation, Stupid!”, German Finance Minister Wolfgang Schaueble points the finger to Greece from Davos

A Sting Exclusive: “Climate Change needs to be demystified”, Anneli Jättenmäki Vice President of European Parliament underscores from Brussels

MWC 2016 LIVE: Getty chief says one in four new images from phones

The EU pretends not knowing what happens in the Western Balkans

Austerity lovers and ‘relaxationists’ fight over the EU budget

Although Greece is struggling to pay salaries and pensions Varoufakis is “optimistic”; the Sting reports live from EBS 2015

Why the merchant ships can pollute the atmosphere with CO2 quite freely

Do the EU policies on agro-food smell?

An EU Summit without purpose

EU seeks foreign support on 5G from Mobile World Congress 2015 as the “digital gold rush” begins

On Human Rights Day European Youth Forum calls for end to discrimination of young people

Greece may offer to China a European gateway

Court of Auditors: EU spending infested with errors well above the materiality threshold of 2%

Migration has set EU’s political clock ticking; the stagnating economy cannot help it and Turkey doesn’t cooperate

Brussels wins game and match in Ukraine no matter the electoral results

Summer JADE Meeting 2015: We came curious, we left inspired

The Parliament sets the way for the European Banking Union

ECB is about to lend trillions to banks

A Sting Exclusive: why the environment is important to your health, by UNEP’s Head for Europe

German stock market is not affected by the Greek debt revolution while Athens is running out of time

“If they think they can slave an entire nation, then they will just have the opposite results!”, Alexis Tsipras cries out from the Greek parliament

More Stings?

Comments

  1. You ought to be extremely astute at research and writing. This shows up inside your original and unique content material. I agree with your primary points on this topic. This content need to be seen by more readers.

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s