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Financial News: EU's Juncker Warns No Brexit Deal Means All

EU's Juncker Warns No Brexit Deal Means All Will Lose

04/05/2017 - 06:38:00 (RTTNews)

(RTTNews) - The European Union will conduct Brexit negotiations with the UK with an aim to mitigate the human, economic and political uncertainties of the event as much as possible, and parallel talks on exit and future relations are not possible, European Commission President Jean-Claude Juncker said Wednesday.

Juncker was speaking in Strasbourg where the European Parliament is holding a plenary session on the UK after the country gave notice of its withdrawal from the EU on March 29.

"A disorderly exit is the most unfavorable case," Juncker said. That would be a very disadvantageous situation for many families and people, for research, for security cooperation and for trade, he added.

"In short, no deal means no one wins, all will lose," Juncker said.

Reminding that it was the UK which was leave the EU and not vice versa, Juncker said the latter wanted to negotiate with all fairness.

He also stressed that parallel talks on future EU-UK relationship are not possible until the uncertainties linked to the past are sorted out satisfactorily.

Juncker also said that the UK cannot enjoy the same benefits as a member state once it leaves the EU.

"A third country cannot have the same benefits as a Member State," he said. "This Parliament must and will ensure that this reality is fully upheld over the course of the next two years."

He also noted that the EU will hold talks with the UK in friendship and openness and not in a hostile mood.

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