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How Europe’s Leaders Responded to Each of May’s Brexit Pledges

  • Schaeuble warns U.K. against race to bottom on company taxes
  • Hard negotiations expected, EU warns against cherry picking
Bloomberg business news

May: Britain Must Face Up to Period of Momentous Change

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Depending on whom you ask in Europe, U.K. Prime Minister Theresa May’s Brexit speech on Tuesday echoed Winston Churchill or an Austrian trade union boss.

Name-calling, sarcasm and World War II references notwithstanding, the European Union’s response to May boils down to four basic points: