Cable Dumps’n’Pumps As EU Official Says No Brexit Talks Breakthrough

Jon Alternative Media, Blogosphere, Economy, Government

Brexit talks yielded no breakthrough on the financial settlement, and discussions focused on the issue of citizens’ rights, where the two sides are hoping for progress, an EU official told reporters.
Bloomberg notes that the anonymous official added that no breakthrough was expected on the bill, as that would require high-level political input, and as Citi notes, this meeting was meant to be more of a discussion anyway, with no expectations of an overall proposal being finalized.
The EU is piling the pressure on the UK to agree the divorce settlement as Brexit negotiations resumed in Brussels. In EU parlance, it appears that the term for this is the ‘moment of clarification’, which only makes us despise EU bureaucrats even more. Our suspicion is that, with the UK keen to settle the money issue and move on to trade talks, the EU sees an opportunity to take advantage of political turmoil in the UK, as the talks reaching their most critical stage. According to AFP.

This post was published at Zero Hedge on Nov 9, 2017.