Nick Ottens via Atlantic Sentinel | When Greece resisted demands for spending cuts from its creditors last year, Prime Minister Alexis Tsipras appealed to the president of the European Council, Donald Tusk, for talks with the other 27 heads of government. Theresa May clearly hasn’t learned Tsipras’ lesson.
Carax Alphavalue | Mrs May’s talk of energy price controls sent the UK sector into a downward spin. The Catalan mess also pushed sharply down the Spanish utilities’ share prices. The only surprise is that it took three days for markets to react to the Spanish risks.
Nick Ottens via Atlantic Sentinel | British prime minister Theresa May has adopted a policy her Conservative predecessor, David Cameron, once described as “nuts”. When the opposition Labour Party proposed to freeze electricity rates in 2013, Cameron, then the Conservative Party leader, ridiculed it.
Nikos Skoutaris via Macropolis | Last Wednesday, 9 months after the Brexit referendum took place, Theresa May triggered Article 50 TEU. The following day, the Government announced legislation to end authority of EU law, while on Friday the President of the EU Council, Donald Tusk released the draft guidelines for the Brexit negotiations.
By end March, the UK will trigger the nuclear button splitting it from the European Union. A landmark decision which will determine both parties’ future, irrespective of the side of the English Channel they find themselves on.
The UK Supreme Court dismissed on Tuesday the government’s argument that May could simply alone to invoke Article 50 to begin two years of divorce talks. Considering conservative majority in Parliament that passing a bill should not force PM to reconsider her “hard brexit” plans. Dissenting MPs can successfully amend the bill to increase scrutiny over negotiations.
As was expected, Teresa May announced that her plan is for the UK to exit the EU and the single market, also taking back control of its frontiers. Analysts believe that she will face problems with her EU partners because she seems to overlook the fact that the Brexit negotiations are not one-sided.
Julis Baer Research | This ruling against May came rather surprisingly and nourished hopes of the Brexit opposition that Parliament would still be able to prevent a Brexit. We however do not believe that Parliament would fully cancel the Brexit, standing up against the majority of voters. Furthermore, the last word is not spoken yet, it will depend on the Supreme Court.
via Macropolis | You are the outgoing British prime minister, responsible for calling a needless referendum whose result will – at best – lead to a painful realignment in your country’s relations with the rest of Europe and the wider world. What is your last action in Parliament? A moment of reflection about the decades of carefully constructed ties with EU member states and institutions that will now be overturned?