One of the representatives of the German Federal Bank (Bundesbank) said that if Britain will go the way of “hard Brexit”, its status will fall to the level of third countries. About it reports on Wednesday, March 29, The Local.
“When negotiations on the country’s withdrawal from the European Union over relations with the EU Britain have such status, as, for example, of Tunisia,” said Joachim Wuermeling (Joachim Wuermeling).
He warned that the operations between the British and other European financial markets after Brexit will be much more difficult if certain procedures are agreed during the two-year transition period.
Wermeling added that, for example, the United States signed with the EU 16, Japan — 17 the necessary agreements on the financial equivalence obligations. Britain has yet to do.
Earlier on March 29, the UK’s permanent representative to the EU Tim barrow gave the head of the European Council Donald Tusk, a letter of withdrawal from the European Union, signed by the Prime Minister and Theresa may, which means the official start Brexit.
According to the rules specified in the 50th article of the Lisbon Treaty, the member state wishing to leave the European Union, must do so within two years from the date of sending of official notification.
March 28, 2017, may have signed the letter notifying the authorities of the European Union about the formal start of procedure of exit from the Commonwealth.
The decision to withdraw Britain from the EU were adopted by referendum on 23 June 2016. Brexit is supported by more than half of voters.