…is hard to do.
When a country voluntarily signs away some of its autonomy—in this case, to join the EU—it would seem at the outset that such a decision would be reversible if that country so desires. After all, the vow wasn’t “till death do us part.”
But if France and Germany have anything to say about it, they’ll make Britain pay for Brexit:
Before I go into detail about the phone calls, remember that no one really knows what will happen next because this has never happened before. Article 50 in the Lisbon Treaty allows member countries to leave the EU after two years of negotiations. If the country and the EU cannot reach an agreement then the country leaves without anything.
But like many promises made during the courtship stage, easier said than done. A price might be extracted:
Wolfgang Schäuble said Britain would be bound by tax rules after it leaves the European Union (EU) which would restrict giving incentives to retain investors.
The German finance minister also said the UK would be forced to pay EU budget bills for more than ten years, echoing proposals for the UK to pay an exit bill of up to £43billion.
Theresa May had been looking to close ally Germany, as a net exporter to Britain, to quell French demands the UK “pay a price” for wanting to leave the bloc.
Read the whole thing.
Germany and France aren’t historically accustomed to uniting on much, but apparently they’re united on this.