Juncker Puts Price on Brexit as Italy Offers Early Trade Talks
- Commission chief: EU’s ‘friendly’ but must stop others leaving
- Italy’s Gozi: can be some ‘overlap’ of talks on exit and trade
EU's Juncker Says U.K. Brexit Bill May Hit $62 Billion
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The U.K. will have to pay a bill of about 50 billion pounds ($62 billion) when it leaves the European Union, Commission President Jean-Claude Juncker warned as Britain prepares to trigger the start of Brexit negotiations.
While there is no desire to punish Britain for leaving the bloc, the EU must deter other countries from following, the head of the EU’s executive arm told the BBC in an interview broadcast on Friday. British Prime Minister Theresa May’s government knows they’ll have to pay what they owe, he said.