Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Divorce Proceedings Begin March 29: Brexit Debate, Mish vs Financial Times

Courtesy of Mish.

The UK announced it would file Article 50 on March 29. At that time, control over the timing and structure of negotiations goes to the EU.

It’s a symbolic victory for the EU. The bottom line is the UK can walk away anytime and there is nothing the EU can do about that.

Brexit Debate – Mish vs Financial Times

FT: Britain’s decision to invoke Article 50 on March 29 helps the EU achieve one of its Brexit goals: seizing from the UK control over the timing and structure of the negotiations.

Now that Theresa May’s government has confirmed the date for formal notification of the start of the two-year divorce process, the UK has ended a period during which the EU could do little more than watch and prepare for the start of talks.

Henceforth, the other 27 members of the bloc will have much more control.

Mish: Seizing control is nonsense. In one sense it was a given. The clock starts ticking the moment chapter 50 is filed. So nothing was seized, it was handed perforce. In a second sense, it’s not realistic. The EU is not really in control of much.

FT: In the wake of the UK’s vote last June to leave the bloc, senior EU officials were convinced that Britain would refuse to trigger the formal divorce process — because of the tactical drawbacks of working to a two-year deadline.


Continue reading here…


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!