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Austrian Official Estimates Amount of "Brexit Bill"
March 02, 2017
In an interview with Bloomberg, Austrian Chancellor Christian Kern said the European Commission had calculated Britain's "bill" to settle its financial commitments upon exiting the EU would be around 60 billion euros and warned the UK against setting low corporate tax rates to attract business following Brexit.
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Report: Brexit Will Aid EU-India Trade Deal
March 02, 2017
Revealing a potential silver lining to the impact of the UK's exit from the EU on the bloc's trade policy, The Guardian reports that a document circulated in the European Parliament predicts that it will be easier to negotiate an EU trade deal with India after Brexit given India's desire to maintain tariffs on Scotch whiskey and migration barriers in the UK.
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EU Threatens Italy on Debt Levels
March 02, 2017
AP reports that the European Commission has warned the Italian government it is subject to EU sanctions for excessive debt levels if it fails to "credibly" take action on reducing its debt by the end of April.
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Norway Seeks Inclusion in Brexit Deal
March 02, 2017
The Independent reports that Norway's EU minister, Frank Bakke-Jensen, has announced his government's intention to seek inclusion in any trade arrangements agreed between the UK and the EU following Brexit.
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Juncker Pledges "Hefty" Brexit Bill
March 02, 2017
EurActiv reports that, in a recent speech, European Commission President Jean-Claude Juncker promised that the EU will issue a "very hefty" bill to the UK during negotiations over the country's departure from the bloc to cover its outstanding financial commitments.
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