Published: Sun, January 21, 2018
Global News | By Stacy Ballard

Macron, May differ on UK's Brexit trade deal

Macron, May differ on UK's Brexit trade deal

At an European Union summit in Brussels last month, the two said they hoped to come up with shared reform proposals by March, with Macron having pushed the idea of a standalone budget and a single finance minister for the currency bloc.

Although the leader opened the door to a bespoke trade deal with the United Kingdom, he insisted full access to the single market without accepting its rules was "not feasible".

The BBC reported Macron saying the United Kingdom could have "deeper relations" with the European Union than other countries, but maintained stopping short of full Single Market access since Britain is leaving the bloc.

"As soon as you decide not to meet those preconditions it's not full access".

'There should be no cherry-picking in the single market because that's a dismantling of the single market, ' he said.

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These include budget contributions, freedom of movement within the EU and the jurisdiction of the European Court of Justice.

Mr Macron's comments came during his first visit to the United Kingdom since becoming French president, where he held talks with Prime Minister Theresa May.

"We immediate priority, which is the completion of the banking union, the completion of the capital markets union and tax convergence with Germany", Le Maire said. She has, however, noted that a comprehensive trade deal covering goods and services is in the interest of both the United Kingdom and EU.

The idea of a single finance minister now appears to be a discussion for the future, and the suggestion that the euro zone's 500-billion-euro ESM rescue fund be turned into a European Monetary Fund to stabilise member states facing economic shocks still needs to be fleshed out.

Mr Macron told Marr the United Kingdom would have to contribute to Brussels budget if they wanted to protect their financial services.

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Theresa May and the French President, Emmanuel Macron, have committed to speeding up the process by which refugees in France are able join family in safety here in Britain.

He explained: "I mean, I do respect this vote, I do regret this vote, and I would love to welcome you again".

Macron has been in the United Kingdom for his first visit since taking office.

Mrs May praised the "uniquely close relationship" between the two nations.

"For sure you will have your own solution", the French leader said in an interview with the BBC's Andrew Marr to be aired Sunday.

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