Post-Brexit Boost for U.K. Would Be EU ‘Capitulation,’ Kern Says

  • Austrian chancellor says nothing else can come of Brexit talks
  • EU Commission President Juncker warns of U.K. promises

The European Union must ensure the U.K. is in a worse situation when it leaves the bloc, otherwise it would represent a “capitulation,” Austria’s chancellor said.

“A member of a club must have better conditions than somebody who isn’t a member of this club -- our British friends must be aware that nothing else can come out of these negotiations,” Christian Kern told reporters in Brussels on Monday. “Everything else would be a capitulation by Europe.”

As U.K. Prime Minister Theresa May prepares to trigger the Article 50 next month to start two-year negotiations on Britain’s withdrawal from the bloc, the EU’s other 27 governments are beginning to draw their own battle-lines.

European Commission President Jean-Claude Juncker told reporters in the same press conference that he’s concerned that the U.K. could try to make promises to certain industries -- citing steel, chemical, telecommunications manufacturers -- based in other EU countries to undermine European unity during the Brexit negotiations.

“It’s in our common interest that there are no special arrangements,” Juncker said.

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE