‘Show me the money’: divorce first, then trade deal, EU tells UK – Reuters
BRUSSELS Since Prime Minister Theresa May set out her Brexit goals last week, interest in Britain has focused on the future trade deals she may one day strike with the United States and other powers, as well as with the European Union.
In Brussels and European capitals, that looks like putting the cart before the horse. "They're talking about their future relationships," said one EU official preparing for talks with London. "But first we need to get divorced. This is not going to be easy. Frankly, it's going to be very, very messy."
In diplomatic language, the European Commission's spokesman Margaritis Schinas told a news conference this week: "First, one needs to agree on the terms for an orderly separation and then, on the basis of this, build a future new, good relationship."
As with other divorces, the bitterest battle may be over money. And there is no certainty that any settlement can be agreed at all.
"Britains payments to the EU budget and the issue of the EU quickly starting talks on an FTA (free trade agreement) with Britain will be linked," said a second senior EU official.
"There cannot be discussions of a future relationship without first regulating the issue of an orderly separation."
EU negotiators reckon Britain has a weak hand to play; May must accept a two-year guillotine on talks that she hopes will end with a deal to keep "maximum" British access to EU markets while pulling Britain out of the single market and its obligations.
Put simply, if May wants to draft an FTA in only two years as she says -- a goal that prompts head-shaking in Brussels -- continentals think they can hold her hostage with the threat of trade tariffs from 2019 unless she settles British debts.
Many discount as bluster May's warning that she would rather have no deal than a bad deal, walking away without free trade and daring continentals to take a hit to their own exports.
But some diplomats voice concern that London may be tempted to flounce out without paying EU bills worth tens of billions.
YOUR BILL: 60 BILLION EUROS
May insists Britain wants to remain a friend and constructive partner for the EU. It would hardly enhance Britain's reputation among future global trade partners to flee with bills unpaid.
The other EU member states want it to pay its share of the spending commitments that were agreed when it was a member, stretching out some years, as well as possibly funds to cover the pensions of British EU staff.
There will, however, be differences over the size of the bill, estimated informally by EU officials at very roughly 60 billion euros -- more than Britain spends on defense each year.
"I can see this turning very bloody over money," said a person who has had preliminary contact with negotiators on both sides.
EU officials have prepared arguments to counter suggestions that Britain should be credited with a share of EU assets -- buildings, say -- to offset what it will owe Brussels on leaving.
The bloc's negotiators will argue that Britain was not asked to pay extra for a share of existing EU assets when it joined in 1973, so it has no right to demand repayment of any share now.
Filling the hole left by the bloc's second biggest economy in the EU budget is already causing jitters as the remaining 27 brace for the seven-yearly blood ritual of financial planning.
German leaders see a grim prospect of picking up the biggest tab, while the ex-communist eastern states, who are the major net beneficiaries of EU spending, fear they will lose out.
British officials say they can use the money card to divide the 27. On the EU side, diplomats are saying that if London tries that, it will find its hopes of a quick free trade deal put on hold.
Other knotty issues to be settled in the withdrawal treaty include border arrangements, notably in Ireland, and the rights of EU and British expatriates. Brussels has accused May of underestimating the problem by calling for a deal on that right now.
(Writing by Alastair Macdonald; Editing by Kevin Liffey)
MANILA Luis Singson, a larger-than-life Filipino tycoon who has brought the Miss Universe pageant to Manila, has much in common with the man who owned the franchise two years ago: U.S. President Donald J. Trump.
PHILADELPHIA/MEXICO CITY The White House on Thursday floated the idea of imposing a 20 percent tax on goods from Mexico to pay for a wall at the southern U.S. border, sending the peso tumbling and deepening a crisis between the two neighbors.
WASHINGTON Jordan's King Abdullah will begin a visit to the United States on Monday, the Jordanian embassy said on Thursday, the first Arab leader to hold talks with the new administration of President Donald Trump.
Read the original here:
'Show me the money': divorce first, then trade deal, EU tells UK - Reuters
- International Day Commemorating the Victims of Acts of Violence based on Religion or Belief: Statement by the High Representative on behalf of the... - August 23rd, 2026 [August 23rd, 2026]
- European Union launches a new EUR143 million Annual Action Plan (AAP) 2026 for Malawi - European External Action Service (EEAS) - August 23rd, 2026 [August 23rd, 2026]
- European Union Foreign Policy and the Global Climate Regime - ActuaLitt.com - August 23rd, 2026 [August 23rd, 2026]
- Volodymyr Zelensky requests the European Union for 30 billion euros in aid to finance Ukraine's defense. - Informat.ro - August 23rd, 2026 [August 23rd, 2026]
- Is the U.S. driving Iceland to join the European Union? - DW.com - August 16th, 2026 [August 16th, 2026]
- European Union Brackish Water Reverse Osmosis Systems - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - August 16th, 2026 [August 16th, 2026]
- Uefa takes inspiration from European Union in plan to oust Gianni Infantino and reform Fifa - The Independent - August 16th, 2026 [August 16th, 2026]
- European Union marks International Youth Day in Nepal with a day of opportunity, innovation and youth leadership - EEAS - August 16th, 2026 [August 16th, 2026]
- European Union Indirect Fired Heaters - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - August 16th, 2026 [August 16th, 2026]
- 'Migrant tunnels' used by foreigners to smuggle into European Union exposed as border crisis deepens - GB News - August 11th, 2026 [August 11th, 2026]
- European Union IP Rated Enclosures - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - August 11th, 2026 [August 11th, 2026]
- International Day of the Worlds Indigenous Peoples, 9 August 2026: Statement by the High Representative on behalf of the European Union -... - August 9th, 2026 [August 9th, 2026]
- Gaza: Statement by the High Representative on behalf of the European Union - consilium.europa.eu - August 9th, 2026 [August 9th, 2026]
- On the Anniversary of the 2008 War, the European Union Condemns Russia's Actions in Georgia - sovanews.tv - August 9th, 2026 [August 9th, 2026]
- 'Superauthoritarian Governance': Abolish the European Union, the Sooner the Better - voz.us - August 9th, 2026 [August 9th, 2026]
- Ukraine PM: The European Union has provided an additional 30 million to the Ukraine Energy Support Fund, bringing its total contribution to the Fund... - August 9th, 2026 [August 9th, 2026]
- European Union intensifies its fascist migration policies in wake of Ceuta - World Socialist Web Site - August 9th, 2026 [August 9th, 2026]
- Why heroism alone is not enough for Ukraines accession to the European Union - EUalive - August 9th, 2026 [August 9th, 2026]
- Bialiatski: Joining the European Union is not a question of "I want or I don't want," it's a question of the - - August 9th, 2026 [August 9th, 2026]
- Venezuela: The IRC and the European Union strengthen health and protection response following earthquakes - International Rescue Committee - August 4th, 2026 [August 4th, 2026]
- The Irish Presidency of the Council of the European Union Should Welcome Scrutiny from Academia - Tech Policy Press - August 4th, 2026 [August 4th, 2026]
- Statement by the High Representative on behalf of the European Union on Iran - consilium.europa.eu - August 4th, 2026 [August 4th, 2026]
- The European Union disburses a new tranche of 1.5 billion euros to Egypt - Financial Afrik - August 4th, 2026 [August 4th, 2026]
- European Union to hold emergency talks to address migration crisis in Ceuta - The Indian Awaaz - August 4th, 2026 [August 4th, 2026]
- European Union gives its greenlight to Paramount and Warner's mega merger with some conditions - AP News - July 24th, 2026 [July 24th, 2026]
- The European Union Is Splinteringand Some Say Thats the Only Way to Revive It - WSJ - July 9th, 2026 [July 9th, 2026]
- Competing for inputs: how the European Union can improve critical raw materials supply security - Bruegel - July 9th, 2026 [July 9th, 2026]
- Aidoptation Receives Approval for First Fully Autonomous Driving Tests on Highways in the European Union - Business Wire - July 9th, 2026 [July 9th, 2026]
- 'If Ukraine falls, this will be the end of the European Union and the end of Europe's future' - France 24 - July 6th, 2026 [July 6th, 2026]
- European Union Sensor Protection Tubes - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - July 6th, 2026 [July 6th, 2026]
- European Union Automotive Raindrop Sensor - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - July 6th, 2026 [July 6th, 2026]
- Speech by President Antnio Costa at the opening ceremony of the Irish Presidency of the Council of the European Union - consilium.europa.eu - July 6th, 2026 [July 6th, 2026]
- The future of the European Union's Cohesion Policy in the next Multiannual Financial Framework post-2027 - Committee of the Regions - July 6th, 2026 [July 6th, 2026]
- The thin blue line: the European Union and the future of Lebanons security beyond UNIFIL - PubAffairs Bruxelles - July 6th, 2026 [July 6th, 2026]
- A decade after Brexit, UK voters reflect on decision to break from European Union - PBS - June 24th, 2026 [June 24th, 2026]
- Dispatch from Tivat: What Montenegro still needs to do to join the European Union - Atlantic Council - June 24th, 2026 [June 24th, 2026]
- Representatives Of The Taliban Have Made Their First Official Visit To The European Union - i24NEWS - June 24th, 2026 [June 24th, 2026]
- Strengthening the Strategic Partnership between the European Union and Kazakhstan - consilium.europa.eu - June 24th, 2026 [June 24th, 2026]
- European Union Specialty Blend Surfactants - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 24th, 2026 [June 24th, 2026]
- Canada and the European Union Joint Statement on the United Nations Secretary-General, Antnio Guterres' Call to Action on Methane -... - June 24th, 2026 [June 24th, 2026]
- European Union Calcium Grease - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 24th, 2026 [June 24th, 2026]
- European Union Inflatable Air Cushion Packs - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 24th, 2026 [June 24th, 2026]
- European Union Polyurethane Injection Grouts - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 24th, 2026 [June 24th, 2026]
- European Union Calcined Lime - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 24th, 2026 [June 24th, 2026]
- European Union Bauxite Feedstock - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 24th, 2026 [June 24th, 2026]
- European Union Gearbox Oil Additives - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 24th, 2026 [June 24th, 2026]
- Human Rights Watch: European Union Member States Meeting with the Taliban Is Hypocrisy - KabulNow - June 24th, 2026 [June 24th, 2026]
- Arrowhead Pharmaceuticals Receives Marketing Authorization in the European Union for REDEMPLO (plozasiran) to Reduce Triglycerides in Adults with... - June 24th, 2026 [June 24th, 2026]
- Video. Will the UK rejoin the European Union? MEPs debate Brexit on The Ring - Euronews - June 24th, 2026 [June 24th, 2026]
- Tax Alert: Ruling of the General Court of the European Union (the EU General Court) on the VAT treatment of post-sale loan management services -... - June 24th, 2026 [June 24th, 2026]
- Euroviews. Kazakhstan and the European Union: Building the next chapter of a strategic partnership - Euronews - June 22nd, 2026 [June 22nd, 2026]
- European Union Going To Put Tariffs On Plugin Hybrids From China Now? - CleanTechnica - June 22nd, 2026 [June 22nd, 2026]
- If the UK wants to rejoin the European Union, it first needs to understand it - European Council on Foreign Relations - June 22nd, 2026 [June 22nd, 2026]
- Watch Danish and Swedish at European Union Film Festival in Bangkok this week - Scandasia - June 22nd, 2026 [June 22nd, 2026]
- European Union Wave Washers Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 17th, 2026 [June 17th, 2026]
- European Union Surgical Towel Clamps - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 17th, 2026 [June 17th, 2026]
- European Union Rotary Adsorption Contactors - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 17th, 2026 [June 17th, 2026]
- European Union Buffer Preparation Systems - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 17th, 2026 [June 17th, 2026]
- European Union Sample Vials and Inserts - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 17th, 2026 [June 17th, 2026]
- European Union Rapid Pregnancy Test Kits - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 17th, 2026 [June 17th, 2026]
- European Union Rapid Strep Test Cartridges - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 17th, 2026 [June 17th, 2026]
- European Union Abrasive Finishing Media - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 17th, 2026 [June 17th, 2026]
- STATEMENT | COMECE President reacts to European Parliament vote on the Return Regulation - The Catholic Church in the European Union - June 17th, 2026 [June 17th, 2026]
- Stavros Lambrinidis, Ambassador of the European Union to the United Nations Statement on Behalf of the European Union and Its Member States at the UN... - June 12th, 2026 [June 12th, 2026]
- The right balance: how to fix European Union artificial intelligence regulation - Bruegel - June 12th, 2026 [June 12th, 2026]
- The European Union and Equity Group Foundation join forces to expand global education pathways for top performing Kenyan scholars - EEAS - June 12th, 2026 [June 12th, 2026]
- Apple and Brussels blame each other for delaying European Union rollout of Siri AI - The Killeen Daily Herald - June 10th, 2026 [June 10th, 2026]
- Apple says Siri AI will be delayed in the European Union because of regulations - PhoneArena - June 10th, 2026 [June 10th, 2026]
- Kyrgyzstan and Germany Set for New Air Travel Links as European Union Removes Two-Decade Flight Restrictions on Kyrgyz Airlines: What This Means for... - June 10th, 2026 [June 10th, 2026]
- The European Union announces a new package of sanctions against Russia, including freezing the oil price ceiling - - June 10th, 2026 [June 10th, 2026]
- The European Union allocates an additional $18 million to combat Ebola in the Democratic Republic of Congo - - June 10th, 2026 [June 10th, 2026]
- Head of European Union Partnership Mission in Armenia appoointed - Mediamax.am - June 10th, 2026 [June 10th, 2026]
- Strengthening Pressure on Russia, Ukraines Air Defense Needs, and the Opening of Negotiating Clusters for European Union Membership: The Presidents of... - June 10th, 2026 [June 10th, 2026]
- European Union Strengthens Partnership with Solomon Islands on Sustainable Development and Global Gateway - EEAS - June 7th, 2026 [June 7th, 2026]
- China expands its spy networks across the European Union and beyond - EL PAS English - June 7th, 2026 [June 7th, 2026]
- Zimbabwe, the European Union and the African Union deepen cooperation on energy efficiency - EEAS - June 7th, 2026 [June 7th, 2026]
- Trump Aims New Tariffs at 59 Countries and the European Union - The New York Times - June 7th, 2026 [June 7th, 2026]
- European Union launches tech sovereignty initiative to boost chips, cloud and AI at home - AP News - June 7th, 2026 [June 7th, 2026]
- European Union Protein Extraction Buffer Kits - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 7th, 2026 [June 7th, 2026]
- European Union HEPA Filtration Cartridges - Market Analysis, Forecast, Size, Trends and Insights - IndexBox - June 7th, 2026 [June 7th, 2026]