Merkel Says No Cherry Picking on Brexit Negotiations

January 9, 2017 Share Print 0

The European Union must consider limiting Britain’s access to its single market if London fails to accept the bloc’s four freedoms in Brexit negotiations, German Chancellor Angela Merkel said on Monday.

Adding pressure on British Prime Minister Theresa May who at the weekend hinted at a “hard Brexit” – in which border controls are prioritized over market access – Merkel said there could not be negotiations based on “cherry picking.”

Merkel said it was important that “we also make clear on the other hand that access to the single market can only be possible on the condition of respecting the four basic freedoms. Otherwise one has to talk about limits (of access).”

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.