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    British PM Johnson hits out at EU President over possibility of “no deal” BREXIT

    British PM Johnson hits out at EU President over possibility of “no deal” BREXIT

    Johnson threatens to withhold $48 billion ‘divorce bill’ if EU fails to compromise on withdrawal agreement.

    https://www.youtube.com/watch?v=wX_0uu3tv6k&t=697s

    In an ongoing war of words, British Prime Minister Boris Johnson has told European Council President Donald Tusk that he will go down in history as ‘Mr No-Deal’ if the European Union continues with its refusal to change the withdrawal agreement.

    The remark came after the European Council President, who head the EU’s executive body, said that Prime Minister Johnson should accept the withdrawal agreement handed by Brussels to his predecessor Theresa May as he “will not like to go down in history as ‘Mr No Deal’.”

    Reacting to EU President Tusk’s comments, Prime Minister Johnson shot back saying that “if Donald Tusk doesn’t want to go down as ‘Mr No-Deal Brexit,’ then I hope that point will be borne in mind by him too.” The British Prime Minister was referring to Tusk’s refusal to make any changes to the withdrawal agreement.

    PM Johnson has repeatedly stated he is willing to leave the EU with a reasonable deal in hand, but if the European bloc continues to insist on imposing punitive terms on the UK, he will opt for a no-deal Brexit, scrapping all existing trade and immigration agreements between London and Brussels.

    As part of the no-deal, the UK plans to bar EU criminals from entering the country. Under the current British immigration system, subjected to the EU regulations, London was not allowed to impose entry restrictions on travelers holding EU passports. “Boris Johnson will change the rules to allow UK border officials to turn any EU criminals who have previously been jailed for a year or more, sweeping away EU regulations that allowed any EU national entry unless they were a threat to public safety,” UK’s Daily Telegraph reported on Monday quoting an official from the Prime Minister’s office.

    Reuters reported PM Johnson’s comments:

    British Prime Minister Boris Johnson has warned European Council President Donald Tusk that unless he agrees to change the Brexit divorce deal, Tusk will be known as “Mr No Deal”.

    Johnson was responding to Tusk’s earlier comments that he would not cooperate in preparing for on a no-deal Brexit.

    The prime minister wants the EU to drop the so-called Irish backstop, which is an insurance policy designed to prevent the return of a hard border between the Irish Republic and the British province of Northern Ireland.

    “I would say to our friends in the EU if they don’t want a no deal Brexit then we’ve got to get rid of the backstop from the treaty. If Donald Tusk doesn’t want to go down as Mr No Deal then I hope that point will be borne in mind by him too,” Johnson told reporters.

    The beleaguered British Prime Minister got support from the other side of the Atlantic on Sunday, as U.S. President Donald Trump told him that he was looking for a “very big trade deal” with the UK after Brexit. President Trump praised PM Johnson, calling him “the right man” to deliver Brexit. The remarks were made as the two leaders met for a breakfast meeting at the G7 summit in France.

    PM Johnson is expected to bring some unwelcome news to EU officials this weekend. The UK government was going to renege on the promise of paying all of the £39 billion, around $48 billion, ‘divorce bill.’ “Boris Johnson is set to warn the EU, Britain will hold back £30bn of its Brexit divorce bill in the event of a No Deal,” British daily The Sun reported on Saturday. The move could be an attempt to force the EU to reconsider the terms of the withdrawal agreement.

    Despite tough negotiations, PM Johnson continues to express optimism about the outcome of the current round of talks with the EU member states. “If we approach this with sufficient patience and optimism, we can get this done. It’s in the final furlong generally when the horses change places and the winning deal appears,” Johnson said ahead of the G7 summit.

    However, with Germany and France united in there opposition to any concession on Brexit, there is little room for such optimism. “Have no doubt that the French and German positions—and elsewhere [within the EU]—are the same. There’s not the thickness of a cigarette paper between us,” a French presidency staffer declared ahead of the summit.

    With the October 31 deadline approaching, Britain faces the most crucial choice since the Second World War. At this decisive hour the British Prime Minister is fighting on two fronts: not just with the vindictive Eurocrats in Brussels, but also with a deeply entrenched pro-EU political and media establishment at home. Senior British Members of Parliament (MP) are actively collaborating with the EU to prevent Brexit, according to PM Johnson’s own admission. His political rival, Labour party leader Jeremy Corbyn, is conspiring to form a caretaker government to stop a no-deal Brexit. The next ten weeks will decide the fate of Britain. The outcome will decide if this once-proud island nation will regain its lost sovereignty or resume its subservient role under the EU’s yoke after a glorious yet brief revolt.

    Donald Tusk says he won’t cooperate with a no-deal Brexit at the G7 summit in Biarritz

    [Cover image via YouTube]

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    Comments



     
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     8
    caseoftheblues | August 25, 2019 at 4:47 pm

    Milhouse ..victims of felons would beg to differ with your ignorant opinion that felons aren’t a threat…..perhaps you can post your address so felons can come to your house and post no threat….


     
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    caseoftheblues | August 25, 2019 at 4:47 pm

    *pose

    There is no reason to take such a lousy deal and put lipstick on it.
    It is a total loser.
    Get out with you wallet and your sovereign rights.


       
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      Milhouse in reply to snowshooze. | August 25, 2019 at 6:58 pm

      Nobody’s suggesting doing that. What the UK wants is a new deal, a reasonable deal.


         
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        Lucifer Morningstar in reply to Milhouse. | August 26, 2019 at 11:08 am

        What the UK wants is a new deal, a reasonable deal.

        The E.U. will never negotiate in good faith and give the U.K a “reasonable deal”. The E.U. leadership promised from the outset that their goal was to make Brexit the most difficult, drawn out, and painful process as they could accomplish. And they’re not about to change and be nice now. It’s best the the U.K. prepare for a “No Deal” Brexit and act accordingly at this point. The E.U. will never offer “reasonable” terms and it’s foolish of Johnson to believe that will ever happen.

          Lucifer Morningstar: The E.U. will never offer “reasonable” terms and it’s foolish of Johnson to believe that will ever happen.

          U.K. is much smaller than E.U., so will inevitably be at a disadvantage in trade negotiations. Going forward, U.K. will be dealing with much larger trading partners, including the U.S., who will be able to demand large concessions for any sort of deal. More particularly, if U.K. wants to export to the E.U., they will have to produce products that meet E.U. standards, except now they will have no say in the making of those standards.


             
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            Lucifer Morningstar in reply to Zachriel. | August 26, 2019 at 11:27 am

            Well, you can say that, but it doesn’t make it true. There are legal obligations, and U.K. will have to make good on them, or their credibility will be affected. U.K. obviously needs to deal with E.U., so they will have to reach some sort of agreement. The previous agreement was for £39 billion. Prime Minister Johnson says they will pay £7 billion.

            You can claim “legal obligations” all you want but once the U.K leaves they are under no legal obligations to pay any sum of extortion money to the E.U. leadership. That is why the E.U. is so desperate to force a “pay us XX billion euros” clause into any Brexit Agreement. They know full well they won’t see a euro coming their way if they don’t have that clause. Period.


             
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            Lucifer Morningstar in reply to Zachriel. | August 26, 2019 at 11:32 am

            Sorry, for some reason got my reply posted to the wrong comment. Still holds though. The U.K. doesn’t have any legal obligations to the e.u once they leave. Period.

            Lucifer Morningstar: You can claim “legal obligations” all you want but once the U.K leaves they are under no legal obligations to pay any sum of extortion money to the E.U. leadership.

            It is a legal obligation, but no one is going to repossess Windsor Castle. However, it could very well be treated as a sovereign debt default by other countries.

            Lucifer Morningstar: They know full well they won’t see a euro coming their way if they don’t have that clause.

            Actually, Prime Minister Johnson said U.K. would pay £7 billion or so in the event of a hard Brexit. Ultimately, U.K. will have to have a trade deal with E.U., so they will have to come to some sort of agreement on the outstanding debt.

    What is non-elected prig doing at G7?

    Mulhouse: Surely if there is no deal then the UK needn’t pay anything. The whole idea of a payment was that it would be part of a comprehensive deal.

    The U.K. still owes for expenditures to which they had agreed while a member of the E.U.


       
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      rightway in reply to Zachriel. | August 26, 2019 at 12:37 am

      Sort of like the German promise to pay at least 2% of GDP for defense.


       
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      iconotastic in reply to Zachriel. | August 26, 2019 at 12:42 am

      Not if the two sides don’t come to an agreement regarding Brexit. If all agreements between the UK and the EU are canceled then so is any obligation to provide funding to the EU.

        iconotastic: Not if the two sides don’t come to an agreement regarding Brexit. If all agreements between the UK and the EU are canceled then so is any obligation to provide funding to the EU.

        Just because you storm out of the house, leaving your family behind, even if you utter the magic words “I don’t owe you nothin’!”, doesn’t mean you have no financial obligations.

        U.K. entered into an agreement, and commitments made under that agreement up until the time of the divorce decree are legally binding. A newly independent U.K. will need a trade agreement with E.U., so there will have to be some accommodation on their debt.


           
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          iconotastic in reply to Zachriel. | August 26, 2019 at 11:20 am

          “U.K. entered into an agreement, and commitments made under that agreement up until the time of the divorce decree are legally binding.”

          Brexit voids the commitment. If the EU wants any of the money then they had best modify the Brexit agreement.

          “A newly independent U.K. will need a trade agreement with E.U., so there will have to be some accommodation on their debt.”

          Agreed. That is the point, after all.

            iconotastic: Brexit voids the commitment.

            Uh, no it doesn’t, any more than getting a divorce means you can repudiate all financial obligations incurred during the marriage. If you and your wife took on a mortgage, then you’re still on the hook. What happens in most jurisdictions is that assets and liabilities incurred during the marriage are split. But just pretending you don’t have to meet your commitments won’t fly among your creditors. Even Brexiteer Prime Minister Johnson accepts that there are some residual liabilities.

            iconotastic: Agreed. That is the point, after all.

            Keep in mind that U.K. is the junior partner in any trade negotiation, and that they will have to meet E.U. standards to export to the E.U. More than likely, a hard Brexit will be hard.


             
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            iconotastic in reply to iconotastic. | August 26, 2019 at 12:36 pm

            “Uh, no it doesn’t, any more than getting a divorce means you can repudiate all financial obligations incurred during the marriage.”

            Umm, you do know that your analogy is fatally flawed, right? There is no ‘controlling legal authority”, as a past presidential candidate once said. Furthermore, a commitment to fund is not the same thing as debt, which you are attempting to state.

            If the EU has some sovereign debt then it must be paid. But ending a treaty ends the obligations to that treaty, absent any other agreements.

            “But just pretending you don’t have to meet your commitments won’t fly among your creditors.”

            The EU is not a creditor. The UK did not issue sovereign debt to the EU. You should stop mixing up your terminology.

            “that they will have to meet E.U. standards to export to the E.U.”

            Just as the US and other countries do right now. The UK may not be the largest economy in the EU but ending trade between the UK and EU will hurt the EU badly. The UK is a major market for EU products and hammering that trade will hurt EU producers.

            iconotastic: There is no ‘controlling legal authority”

            That doesn’t mean they don’t have to pay what they had agreed to pay.

            U.K. is still a party to many other treaties, such as the international arbitration court in the Hague. It’s doubtful that would be the course E.U. would take, however. Rather, E.U. would simply not engage in a new trade deal until the matter was settled, and other countries may see U.K. as unreliable in paying its debts.

            iconotastic: The UK did not issue sovereign debt to the EU.

            U.K. agreed to make certain payments and also accepted certain subsidies. When you agree to pay something, it creates a liability. All of this has to be sorted out.

            iconotastic: The UK may not be the largest economy in the EU but ending trade between the UK and EU will hurt the EU badly.

            Sure, but it will be a much worse problem for U.K. than the E.U. minus U.K., which is six times larger, and won’t have to renegotiate trade deals with the rest of the world.


             
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            iconotastic in reply to iconotastic. | August 26, 2019 at 3:21 pm

            “That doesn’t mean they don’t have to pay what they had agreed to pay.”

            And who will force that payment? There is no court other than the Hague and that will take decades, if ever.

            “Rather, E.U. would simply not engage in a new trade deal until the matter was settled, and other countries may see U.K. as unreliable in paying its debts.”

            Since it is not a debt, despite your increasingly desperate attempts to make it so, lenders will discount sovereign disagreements. And if the EU will not enter into a trade deal then it will have to face member states who can no longer compete in the UK because of EU intransigence. That knife has two edges.

            “U.K. agreed to make certain payments and also accepted certain subsidies. When you agree to pay something, it creates a liability. All of this has to be sorted out.”

            When the subsidies end then the liability ends. As for agreeing to pay something, we have already addressed that that is under the EU agreement. Once that is ended the legal liability ends.

            Ultimately the only way to get payment from the UK is to create a mutually beneficial trade deal. Not a deal that continues EU bureaucratic and judicial control over the UK. That the EU refuses to work out such a deal just means the EU goals go beyond just trade agreements.

            iconotastic: And who will force that payment?

            The proper term is pressure. There will be a lot of pressure on U.K., economic and political, to clean up their accounts.

            iconotastic: Since it is not a debt, despite your increasingly desperate attempts to make it so, lenders will discount sovereign disagreements.

            There is good reason to consider some of it as debt. Does U.K. have a valid claim for capital in the European Investment Bank? Of course they do. Does E.U. have a valid claim on U.K. spending commitments made while they were a member? Of course they do.

            iconotastic: And if the EU will not enter into a trade deal then it will have to face member states who can no longer compete in the UK because of EU intransigence. That knife has two edges.

            Sure, but it’s much sharper on the one side. E.U. GDP is six times larger than U.K., and has long-standing trade agreements with the rest of the world. U.K. doesn’t even have a trade agreement with the U.S. or E.U. or China, the three largest economies in the world, and they will be negotiating from a position of weakness. The British Sterling will probably lose value, they may enter recession, there may be various shortages causing bottlenecks in the economy, and they will be desperate to make trade deals. Other countries will see this, and may make some allowances for their past relationships, but ultimately they won’t leave money on the table.

            iconotastic: When the subsidies end then the liability ends.

            Do you think they pay subsidies on a daily basis, or do you think there is a budget process that extends over several years? How do you untangle all this?

            iconotastic: Not a deal that continues EU bureaucratic and judicial control over the UK.

            The intractable problem is the Irish border. How do you think this should be resolved?


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