Tag Archives: renegotiate

Germany expects No Deal and will not renegotiate, says leaked briefing

Germany expects No Deal and will not renegotiate, says leaked briefingGermany expects a No Deal Brexit and is not prepared to renegotiate the withdrawal agreement, according to leaked details of an internal briefing paper for Angela Merkel’s government. The leaked paper is the first evidence that Germany may be preparing to let Britain walk away with No Deal rather than back down to Boris Johnson’s demand to drop the Irish backstop. The paper was prepared by civil servants for the German finance minister, Olaf Scholz, ahead of face-to-face talks with the chancellor of the exchequer, Sajid Javid, in Berlin on Friday.  In public, Mr Scholz has said Germany will do everything it can to secure a deal with the UK. But according to details leaked to the usually reliable Handelsblatt newspaper, the briefing paper calls for the European Union to stick to its previous line of refusing to renegotiate the withdrawal agreement. It warns that there is now a “high probability” of a No Deal Brexit on October 31, but says  the EU must not "lose its nerve". Preparations  by Germany and the rest of the EU-27 to manage the impact of No Deal are “largely complete”, and the European Commission is not planning any further emergency measures, it says. Mr Javid is the first senior minister from the Johnson government to hold face-to-face talks with his German counterpart Credit: TOLGA AKMEN/AFP The paper says it is “currently unforeseeable that Prime Minister Johnson will change his tough negotiating position” and predicts that he may use next weekend’s G7 summit in Biarritz for a “big moment” to announce success or failure in negotiations. “Against this background, it is important from the EU perspective to stick to the previous line” of refusing to renegotiate the withdrawal agreement, it  says, adding that even if the EU were to agree to drop the Irish backstop, it is not clear that Mr Johnson would be able to win approval for a revised withdrawal agreement in parliament. The UK has made repeated attempts to split the EU side, and “the EU-27’s unity  in adhering to the negotiated exit agreement” has been “decisive”, the paper says. Germany has already passed more than 50 laws and measures to deal with the impact of a No Deal Brexit, and the paper provides details of arrangements in the finance ministry’s area of tax and banking.  It cites a transitional agreement between the Financial Conduct Authority (FCA) and BaFin, the German financial regulator on cross-border financial services, and says German customes authorities are prepared for the increased workload expected under No Deal.



Yahoo News – Latest News & Headlines

UK's Corbyn says he will try to renegotiate Brexit deal

UK's Corbyn says he will try to renegotiate Brexit dealBritish Labour opposition leader Jeremy Corbyn said after meeting the EU’s Brexit negotiator that he will push ahead with Brexit and seek to renegotiate the terms of the divorce deal. Corbyn’s meeting with Michel Barnier on Thursday came as Prime Minister Theresa May is struggling to get her divorce deal through parliament and has asked the EU for an extension to negotiations.



Yahoo News – Latest News & Headlines

Full Brown: 'I Offered to Help' President Trump Renegotiate NAFTA

Full Brown: 'I Offered to Help' President Trump Renegotiate NAFTASen. Sherrod Brown (D-Ohio) joined Meet the Press for an exclusive interview to talk about trade, immigration and the future of the Democratic Party.



Yahoo News – Latest News & Headlines

Macron vows to renegotiate sale of French shipyard

Macron vows to renegotiate sale of French shipyardSaint-Nazaire (France) (AFP) – French President Emmanuel Macron said Wednesday that his government would seek to renegotiate the sale of the STX France shipyard to Italy’s Fincantieri, in order to “guarantee job preservation” at the site. Finance Minister Bruno Le Maire will negotiate “a new shareholding structure” for the sale “in the coming weeks”, Macron said during a visit to the Saint-Nazaire shipyard, the last gem in France’s once-thriving shipbuilding industry.



Yahoo News – Latest News & Headlines