Thursday, March 30, 2017

‘Thank you and goodbye’: Britain, EU begin Brexit process...

Britain and the European Union have begun their historic march toward separation, a process that will reshape Europe and reverberate around the world.

British Prime Minister Theresa May fired the Brexit starting gun on Wednesday, formally invoking the EU exit mechanism and launching a two-year period to negotiate the terms of the breakup. Ms. May told Parliament that leaving the EU offered Britain an opportunity to fashion the country’s future – economically, politically and culturally.

“I want this United Kingdom to emerge from this period of change stronger, fairer, more united and more outward-looking than ever before,” she said. “I want us to be a truly global Britain – the best friend and neighbour to our European partners, but a country that reaches beyond the borders of Europe too.”

For Ms. May, once Britain is unshackled from the EU, it will be free to negotiate its own trade deals and develop into a trading power that can draw on its ties in Europe, North America and Asia. She believes this leverage, along with the country’s status as a nuclear power and its position on the UN Security Council, will give Britain a bold new direction. It’s an ambitious agenda but it has already run up against the realities of negotiating with a much larger counterpart, the EU, which has the upper hand in the talks and is desperate to protect its own interests. Full story...

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