Hassam Hameed-TDO-09.12.2017- EU and Britain struck a deal Friday morning, which paved way for further talks on trade and transition as per the outline of the agreed divorce terms. The attempt to finalize the deal was scuppered as Northern Island objected to the phrase of ‘regulatory alignment’. Prime minister Theresa May flew to Brussels early in morning to reach a deal, where European Commision said sufficient progress has been made, over the divorce bill and citizen rights.
Britain has concurred to pay settlement of 45-55 billion Euros. It has also agreed to protect the rights of 3 million Europeans living in Britain, also UK citizens living in Europe will remain the same and administration procedure to remain ‘cheap and simple’. In the deal it is being guaranteed that no hard border will be put in place between Northern Ireland and Republic of Ireland. European Commission President Jean-Claude Juncker said this is "the breakthrough we needed".
This Thursday EU Commission spokesman Margaritis Schinas shrug off the claim of British newspaper that talks will be extended to next week. Nationalist first minister of Scotland claimed this to be a lesson, as Scotland "will always be at the mercy of reckless decisions taken by Tory governments at Westminster” if Scotland does not gets its independence. Though Eurogroup chief Jeroen Dijsselbloem brought some calm by stating London would not lose its status of financial hub even if banks will not be allowed to trade freely with the bloc anymore.