Brexit Negotiations Tense as UK's Clash with the EU Intensifies
Posted: Thu Feb 18, 2016 5:32 pm
The exit of the United Kingdom from the European Union (EU), also dubbed as Brexit, is anything but a certain deal at present. After months of tense negotiations, both sides have been expressing cautious signs of optimism, while smaller countries such as Greece have been using the ratification of a new treaty with the U.K. as a bargaining chip.
‘Brexit’ couldn’t have come at a worse time for both the European Union and the United Kingdom – with massive exposure to continental banks, the U.K. financial system is set to catch fire should Deutsche Bank’s woes persist. Under a common legal ... (read more)