The President of the European Parliament says Britain’s government was unprepared for the country’s vote to leave the European Union, and does not know when it wants to start divorce talks.
Martin Schulz says the Conservative government was “in no way prepared for the ‘leave’ majority” in June’s referendum.
Speaking Friday at the London School of Economics, Mr. Schulz said he feels “the government is undecided about how and when” it should trigger the 2-year period of exit talks.
Mr. Schulz, a German Social Democrat, leads the EU’s legislative assembly. He has urged Britain to start exit talks soon.
UK Prime Minister Theresa May says that will not happen before the end of the year.
Mr. Schulz said Britain’s exit was a “lose-lose” situation, and “a disaster for us and for the United Kingdom.”
We will see.
Have a terrific weekend.
Latest posts by Paul Ebeling (see all)
- Key Stock Indexes, Crude, Gold & Silver Markets Briefing - January 17, 2017
- Commentary: Paul Ebeling on Wall Street - January 17, 2017
- Wall Street’s Top Analysts Upgrades, Downgrades & Initiations - January 17, 2017