United Kingdom 'will have to pay' for leaving European Union, says Juncker

FRANCE-BRITAIN-EU-BREXIT-PARLIAMENT

"We can not find for the time being a real compromise as far as the remaining financial commitments of the United Kingdom are concerned".

Sterling was trading higher on the day, after earlier falling 45 pips in just one minute as Chancellor Angela Merkel's press secretary said that it was too early to discuss any transition deals on Brexit.

Speaking to students at the University of Luxembourg, Mr Juncker blamed the United Kingdom for delays to the Brexit process, saying negotiations would take "longer than we initially thought".

Speaking in Luxembourg Jean-Claude Juncker said the United Kingdom would "have to pay" the Brexit divorce bill before negotiations could move onto the next phase.

In a debate at a university in his native Luxembourg, Juncker was brutally honest in his assessment of the Brexit talks.

Yesterday, Michel Barnier, the EU's chief negotiator, said he would not recommend that Brexit talks move on to the second phase because the United Kingdom and the European bloc remain in a "disturbing" state of deadlock.

"I am not hating the British". The Europeans have to be grateful for so many things Britain has brought to Europe before war, during war, after war.

"But now they have to pay".

Juncker, who is well-known in Brussels circles for adopting a Nigel Farage-style approach to alcohol, used a metaphor about buying a round of drinks in a bar to explain the stalemate.

"If you are sitting in a bar and if your are ordering 28 beers, and then suddenly some of your colleagues is leaving and he is not paying, that is not feasible".

On Thursday Michel Barnier, the EU's chief negotiator said he did not believe "sufficient progress" had been made in the three areas to proceed to trade talks.

European Union leaders meeting in Brussels next week are expected to say that there is not likely to be enough progress until the next summit in December, but that the bloc should begin internal preparations for trade talks now.

He added he didn't understand why both sides don't say "things will stay as they are" after the UK's exit, continuing: "Citizens have rights because they are citizens, not because there is a Brexit issue which has to be discussed".

Related News:

  • Penguin disaster as just two chicks live

    Penguin disaster as just two chicks live

    Four years ago, the same colony, which numbered 20,196 pairs at the time, failed to produce a single chick. The previous loss was partly a result of unusually warm weather and rain followed...
    Bruno Mars, Drake, Ed Sheeran lead American Music Awards nods

    Bruno Mars, Drake, Ed Sheeran lead American Music Awards nods

    Alessia Cara, Lady Gaga and Rihanna were nominated for the favorite female pop/rock artist award. The awards show will air live from the Microsoft Theater in Los Angeles on November 19 at 8 p.m.
    Bayer sells units to be able to complete Monsanto takeover

    Bayer sells units to be able to complete Monsanto takeover

    It said it would use the proceeds of the sale to partially refinance the planned acquisition of Monsanto , which it still hopes will close in early 2018.
  • United Continental Holdings, Inc. (UAL) — Hot Trending Stock

    Other institutional investors have also bought and sold shares of the company. 73 funds opened positions while 141 raised stakes. Technical analysts may be interested in how United Continental Holdings (UAL) is trading in relation to some moving averages.
    Only 3% of Americans own half of the nation's guns

    Only 3% of Americans own half of the nation's guns

    Dallas Taylor, a University of Southern Mississippi sophomore sports coaching major, affirmed this side of the gun control debate. One segment deals with how and why research into the public health implications of gun violence was halted in the '90s.

    The old round pound: Everything you need to know

    The production of the new coins follows concerns about round pounds being vulnerable to sophisticated counterfeiters. People can also deposit them into any of their usual high street banks through the Post Office after this date.
  • Apache Corporation (APA) PT Set at $45.00 by BMO Capital Markets

    BidaskClub raised Apache Corporation from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th. The energy company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.08.

    Trump says he'll shut networks over 'fake news'

    Trump continued to rail against NBC News on Thursday, calling the network "disgusting". A State Department spokesperson later denied Tillerson used that word to insult Trump.

    $1.21 EPS Expected for Avery Dennison Corp (AVY)

    Captrust Financial Advisors bought a new stake in shares of Avery Dennison Corporation during the second quarter worth $130,000. It is positive, as 32 investors sold AVY shares while 164 reduced holdings. 12 funds opened positions while 25 raised stakes.
  • Teenager arrested for alleged links to terrorist cells

    Teenager arrested for alleged links to terrorist cells

    He said that all of them had been directed to infiltrate into various countries worldwide to launch attacks on behalf of Daesh. One has been detained under Malaysia's Prevention of Terrorism Act, while 12 suspects are still under investigation.
    Astros' Keuchel looks to continue success against Yankees in ALCS

    Astros' Keuchel looks to continue success against Yankees in ALCS

    Closer Ken Giles, who threw two innings in the Game 4 clincher, is the only reliever who has thrown in a live game after Monday. Talk about those games, the ALDS win, the upcoming ALCS, or anything other than religion and politics right here.

    Is there Inherent Value in Jones Lang LaSalle Incorporated (NYSE:JLL)

    Looking at some alternate time periods, the 12 month price index is 1.23649, the 24 month is 0.87381, and the 36 month is 1.06605. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle.


Most liked

Points: Jets Take On Patriots at MetLife
The Jets reached the AFC Conference Championship in back-to-back years in 2009 and 2010 but haven't reached the playoffs since. On defense, the Jets have over-performed so far and are 11th in stopping their opponents on third down and 10th in turnovers.

Hays plc (HAS) PT Raised to GBX 195 at Kepler Capital Markets
It increased, as 41 investors sold Hays plc shares while 168 reduced holdings. 6 funds opened positions while 18 raised stakes. Tradewinds Capital Mgmt Limited Liability Company holds 0.05% of its portfolio in Allstate Corp (NYSE:ALL) for 1,045 shares.

Guardiola named Barclays Manager of the Month
As well as leading the Premier League, they are top of their Champions League group with two wins from two matches and through to the Carabao Cup last 16.

Dean Capital Management Buys New Position in First Financial Bancorp. (FFBC)
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Zacks Investment Research upgraded First Financial Bancorp. from a "sell" rating to a "hold" rating in a report on Tuesday.

Hot Stocks Among Investors: Valeant Pharmaceuticals International, Inc. (VRX), QVC Group (QVCA)
ILLEGAL ACTIVITY WARNING: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. Following the purchase, the director now owns 70,572 shares of the company's stock, valued at approximately $980,950.80.

Sudden disasters leaving 14 million homeless yearly
According to Alexandra Bilak, director of IDMC, said the world today is seeing an all-time high of internally displaced, refugees and migrants.

No Rohingya Muslim refugee should be deported until November 21
The Rohingya refugees, a persecuted community of Muslims from Myanmar have fled the country in large numbers. They are largely located in Jammu, Hyderabad, Haryana, Uttar Pradesh, Delhi-NCR and Rajasthan.

Maria Chappelle-Nadal, censured Missouri state senator, compares Trump to Hitler
It shows President Trump pulling off a t-shirt over his head to reveal the face of Hitler. Dove apologized for the ad, which many social media users called racist.

Honor 6C Pro: 5.2-inch screen, €179, November Europe release
The dual speaker grilles are seen at the very bottom edge of the device along with a microUSB charging port sitting in the middle. On the photography front, you're looking at a 13-megapixel rear camera with an aperture of f/2.2 and autofocus capability.

Ahead of Assembly polls, Himachal Pradesh CM's sister-in-law, few relatives join BJP
BJP is investing hugely in its Union Minister JP Nadda but has not declared any CM candidate so far unlike Congress. He has many a time forced the Congress top leadership to give in to his demands in the affairs of Himachal Pradesh.

Mulayam, Akhilesh share platform after 11 months of family feud
After paying floral tributes together at Lohia's statue, the father-son chatted amid slogan shouting by party workers. The back-to-back meetings between the father and son kindled hopes of party workers of a reconciliation between them.

Linkin Park singer in posthumous Carpool Karaoke show
Linkin Park will honor their late frontman with a sold-out tribute concert at the Hollywood Bowl on October 27. Bennington , who struggled with depression, committed suicide by hanging on 20 July this year.

Kenyan police use teargas to disperse opposition protesters in 3 cities
The post Protests banned in Kenya after opposition leader pulls out of presidential election appeared first on PBS NewsHour . Judges at the Supreme Court directed IEBC to conduct fresh presidential elections before expiry of a 60-day period.

Why You Should Still Hold ICICI Bank Limited (NYSE:IBN) Stock Today
It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. Whereas, in last 21 trading days (one month) was moved up -9.43% and plunged in last 63 trading days (quarter) of -10.31%.

Chelsea 2/5 to triumph in Saturday's Premier League game with Crystal Palace
Physio Room do not believe it's likely that either of Alvaro Morata or N'Golo Kante will be available for Saturday's game. Chelsea have won the Premier League title in two of the past three seasons under Jose Mourinho and then Antonio Conte.