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UK Banks Explore Legal Options for EU Transition Deal
January 04, 2017
Reuters reports that a group of law firms has advised UK banks on how they might file a legal complaint in the Court of Justice of the EU (ECJ) using international treaty rules to force the EU to extend them a transition deal that would permit them to continue to operate in the EU - and remain subject to ECJ decisions - after Brexit.
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Hannan: Democracy Is Preferable to EU "Technocracy"
January 04, 2017
UK Member of the European Parliament Daniel Hannan writes that calls in the UK to strip voters of the results of their June 2016 decision to leave the EU violates the principle that democracy is the best way through which government can settle competing interests.
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Australian Official Predicts Quick UK Trade Deal
January 03, 2017
Australian High Commissioner to Britain Alexander Downer has called on British officials to proceed quickly with leaving the "protectionist" EU and has predicted that the negotiation of a free trade agreement between Australia and Britain will be "no problem."
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Swiss Parliament Declines to Cap EU Migration
January 03, 2017
Politico reports that the Swiss parliament has complied with the European Commission's "red line" on the principle of free movement, despite a 2014 referendum in which Swiss voters called for migration restrictions, by adopting legislation that creates labor market restrictions for EU workers but does not cap migration from the bloc.
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UK Official Warns of Overbroad EU Transition Deal
January 03, 2017
Reuters reports that UK Secretary of State for International Trade Liam Fox has stated that, while a transitional agreement between Britain and the EU following the official "Brexit" deadline may be necessary, such a deal must recognize the decision of voters to remove the UK from EU control.
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