Wednesday, January 18, 2017

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S&P500
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-6.75
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NASDAQ
5538.73
-35.39
-0.63%
NYSE
11196.29
-30.88
-0.28%
GOOG
804.61
-3.27
-0.40%
YHOO
41.99
-0.28
-0.66%
AAPL
120
+0.96
+0.81%
AMZN
809.72
-7.42
-0.91%
FB
127.87
-0.47
-0.37%
BPOP
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EVTC
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-0.35
-1.96%
OFG
12.85
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FBP
6.46
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GTS
20.4
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Germany’s Merkel warns Britain on EU market access

By on January 9, 2017

BERLIN — German Chancellor Angela Merkel is warning Britain anew that its access to the European Union’s single market would be limited if it restricts the immigration of EU nationals.

British Prime Minister Theresa May has indicated a desire to prioritize immigration curbs in her country’s divorce from the EU. May plans to trigger talks on the so-called “Brexit” by April 1.

However, Britain’s partners in the 28-nation EU have been firm in saying limiting immigration would be incompatible with maintaining full access to the bloc’s single market.

See also: Merkel vows national effort to return rejected migrants

Merkel stressed Monday that the EU wants to preserve good relations with Britain. But she said “that access to the common market is only possible on condition of keeping to the four fundamental freedoms.”

She reiterated that there can be no “cherry-picking” in negotiations.

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