Sapin: UK unprepared for Brexit, needs more time, but shouldn't be indefinite

By REUTERS
July 23, 2016 10:26

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

CHENGDU - Britain was unprepared for the outcome of the referendum to leave the European Union and so should be given time to respond, but it should not take too long because of the damaging uncertainty, French Finance Minister Michel Sapin said.

Britain voted on June 23 to leave the 28-nation EU, but has not yet given formal notice - a moment from which it will have two years to negotiate the terms of its exit.

European officials have therefore been calling on Britain to start the process without delay, arguing that postponing the decision to hand in formal notice was creating uncertainty which weighed on economic growth.

"At the time, which is understandable given the shock and the lack of preparation of the British authorities, Britain needed a bit of time to organise itself and reflect on the way it should respond," Sapin told Reuters.

"But the time should not be indefinite, uncertainty is damaging, also economically, and in particular for Great Britain. So one needs to engage in negotiations as soon as possible. The talks cannot be done in bits," Sapin said.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
September 26, 2018
Turkey's to continue to buy Iranian gas despite U.S. sanctions

By REUTERS