Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Johnson's Brexit bill tactics 'foolish', says Merkel ally

Published 26/06/2019, 14:46
© Reuters.  Johnson's Brexit bill tactics 'foolish', says Merkel ally

BERLIN (Reuters) - A threat made by Boris Johnson, frontrunner to succeed British Prime Minister Theresa May, to withhold payment of Britain's divorce bill with the European Union is a "foolish" tactic, an ally of German Chancellor Angela Merkel said on Wednesday.

Johnson has said "there should be creative ambiguity" about how and when the previously agreed £39 billion divorce bill is paid, trying to raise pressure on the EU to grant Britain a new Brexit deal.

But Detlef Seif, the deputy EU spokesman for Merkel's conservative parliamentary bloc, said such tactics would be fruitless.

"It is foolish to think that on such an important issue as Brexit, the EU would allow itself to be influenced by the refusal of payments," Seif told Reuters. "That (thinking) is beyond reality."

"Threats and blackmail are not a good basis for fostering understanding," he added.

The EU says it will not renegotiate the Withdrawal Agreement reached with May last November, and Ireland has indicated it is not willing to change the Irish border "backstop" that upset the Northern Irish party which props up May's minority government.

Johnson has said he is prepared to lead Britain out of the EU without a deal on Oct. 31 and that there are "technical fixes" to prevent the return of a hard border between EU-member Ireland and Northern Ireland, which is part of the UK.

Seif said such technical fixes were not available now, but added: "If Britain can find a technical solution during the transition period, then please go ahead."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.