Soros: Brexit is a 'lose-lose' proposition for Britain and EU

Soros: Brexit is a 'lose-lose' proposition for Britain and EU

Davis had promised "the row of the summer" as he urged the European Union team to negotiate the terms of the UK's separation in parallel with discussions on trade.

Bank of England Governor Mark Carney, in a speech at London's Mansion House on Tuesday, said domestic inflation pressures remain subdued and signaled he isn't in a hurry to raise interest rates.

Although perhaps he was talking about a British summer in particular?

Martin Schulz, the Social Democrat (SPD) chancellor candidate who Merkel will square up against in her bid to win a fourth term in September's election, told the same conference: "The best result of the Brexit negotiations would be - there wouldn't be a Brexit".

"For us it's not a question of generosity, it's a question of continuity and fairness", Stefaan De Rynck, a senior aide to chief EU Brexit negotiator Michel Barnier, said at a seminar in Brussels.

Two-thirds of those surveyed in Belgium, Germany, Greece, Spain, France, Italy, Austria, Hungary and Poland said that the European Union should stick to its core principles during the Brexit negotiations, which began on Monday.

"Today we agreed on dates, we agreed on organisation and we agreed on priorities for the negotiation", Barnier said.

EU Chief Negotiator Michel Barnier said that Britain and the European Union have agreed on the priorities and the agenda of Brexit talks after the first round that began on Monday. We have taken the first, critical steps together.

In the first step, the two sides will deal with "the most pressing issues" in order to "lift the uncertainty caused by Brexit", including "citizen rights, the single financial settlement, and other separation issues". "In addition, a dialogue on Ireland / Northern Ireland has been launched under the authority of the Coordinators". Border control between the Republic of Ireland which is an existing member of the European Union and Northern Ireland which is part of the United Kingdom will be a part of these discussions. If its assessment is positive, the talks will then move on to "scoping the future relationship on trade and other matters".

Davis said both sides were "off to a promising start" even though the challenges ahead were daunting.

For Britain, it's a role reversal, having been buoyed by strong growth in recent times - even after the momentous vote on June 23, 2016 to leave the EU.

"I'm not in a frame of mind to make concessions", Barnier told reporters at the end of the first day of talks in Brussels.

German Chancellor Angela Merkel says she hopes for a "good agreement" after Brexit talks in which 27 European Union countries will listen carefully to what Britain wants but also defend their own interests. "It's not about punishment, it is not about revenge", Barnier said.

"We are looking to unravel 43 years of patiently built relations". I will do all I can to put emotion to one side and stick to the facts, the figures and the legal basis.

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