The European Union’s chief Brexit negotiator insisted Wednesday that Britain’s accounts must be settled before any talks on its future trade relationship with the EU can take place, as he warned that time is
running out to seal a deal by 2019.
Unveiling the European Commission’s negotiating mandate on Britain’s departure, Michel Barnier said he was not hostile to Britain and the bloc did not want to punish it for leaving — but “we have to settle the account, not more not less.”
The amount london owes the EU has become one of the most contentious subjects in the Brexit process, with some reports estimating it could climb to as much as 100 billion euros (109 billion dollars) — a figure that Britain has flatly rejected paying.
It’s the first time a member has ever left the EU, so these negotiations are taking the Europeans into uncharted waters.
The process is unprecedented and complicated, and combined with fresh delays caused by snap elections in Britain, has ratcheted tensions between Prime Minister Theresa May’s Government and the 27 nations that will remain in the EU.
Barnier underlined that Britain and its EU partners had together agreed the bloc’s 2014-2020 budget, and that Britain must pay up its share of contributions.
“Engagements were undertaken and they have to be honored. It’s a question of responsibility,” he said.