Tuesday, 18 April 2017

European Union big wings poised to frustrate Britain, by threatening to strip the UK of two major agencies

Brexit

In their bid to frustrate the efforts being made by Theresa May to strike a balanced deal in the Brexit negotiation, EU leaders are perfecting plans to strip Britain of two key EU agencies in the weeks ahead, and dismissed the PM’s request for early Brexit trade negotiations.

The loss of the London-based European Medicines Agency (EMA) and European Banking Authority (EBA) became unavoidable because Britain voted to leave the EU as both agencies are basically linked to the single market.

However, the swift manner in which the EU leaders moved immediately after the triggering of Article 50 by the PM is perceived by the public as an indication of the uncompromising stand being taken by Brussels.

Accordingly, a number of major cities within the union are lining up to welcome both agencies and EU Council president Donald Tusk is expected to unveil the  selection criteria within the next two weeks.

Record has it that EMA and EBA each employ about 1,000 people, many of them British, and provide a hub for businesses in the UK.

The EU’s chief negotiator has also expressed hopes that the two agencies will know their new locations by June, although it was also made known that the process may take longer time.

Cities such as Dublin, Frankfurt, Milan, Amsterdam, Paris and Stockholm have all lined up to play host to the agencies which are considered as among the EU’s crown jewels.

Moreover, it has been told how Britain has failed to convince any of the remaining 27 member states that trade talks should get under way early.

The failure to convince the 27 member states also endorsed as diplomats have agreed with the European Commission’s decision to block any talks about a future comprehensive trade deal until the UK accepts its £60bn divorce bill and comes to a settlement on the rights of EU citizens.

Mrs May hoped hardline European council guidelines ruling out a trade deal within two years would have been toned during consultation with the member states.

Sources from Brussels are  claiming that Britain’s aggressive approach to the talks, including threats of becoming a low-tax, low-regulation state unless it was given a good deal, had backfired.

One Brussels insider told the Observer: “However realistic the threats were - or not - they were noticed.

“The future prosperity of the single market was challenged. That had an impact – it pushed people together.”

Still in that regard, another senior diplomat said any initial sympathy with Britain had fallen away in many capitals, because of the Government’s approach towards Brexit.

He said: “Of course, we want to protect trade with Britain, but maintaining the single market, keeping trade flowing there, is the priority, and so we will work through Michel Barnier.


“Britain used to be pragmatic. That doesn’t seem to be the case anymore and we need to protect our interests.”

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