London has threatened to stop negotiations with the EU on Brexit

David Davis

The UK will stop the negotiations with the EU on Brexit if Brussels does not cease to demand from London’s 100 billion Euro for this procedure. The corresponding statement was made by Minister in the Kingdom’s exit from the EU David Davis in an interview with The Sunday Times, published Sunday, may 21.

Davis stressed that the member countries of the European Union will have to soften their stance, if they want to achieve progress in the negotiations. The Minister also said that a billion pounds (1.1 million euros) is too much to pay for the output of the United Kingdom from the European Union.

In early may, the Financial Times wrote that the head of the European Commission Jean-Claude Juncker requires London 50 billion pounds for Brexit. Chancellor of Austria, Christian Kern, according to the newspaper, estimated at 60 billion pounds, while France and Germany insist on the amount of 100 billion euros. According to them, that is how much the United Kingdom has the EU based the assumed long-term liabilities.

Then Davis said that London does not intend to pay the European Union € 100 billion. “We need to discuss what our rights and obligations”, — he explained, noting that the British government had not yet received from Brussels the information about what exactly the amount you need to pay for an exit from the EU.

28 March, Prime Minister Theresa may has signed a letter notifying EU authorities of the formal start of procedure Brexit. Negotiating this process will take two years.