Angela Merkel, Germany’s chancellor states that she anticipates for the U.K. to formally go through with negotiations regarding the exit from the European Union the moment the new prime minister is officially in place. She cautioned that the U.K. will face limits regarding its relationship with the EU. Following the uncertainty that the British referendum has caused to the financial markets and the political establishment of the EU, she suggests that the upcoming prime minister will find it difficult to oversee future talk regarding Brexit.
The U.K. is most likely inclined to maintain access to the single market of EU and the 500 million consumers however this would mean that they will have to receive the “four freedoms” or the founding principles of EU which will assure the free movement of capital, goods, people and services. Some have argued that a number of people will not be contented with the four freedoms but it is up to the Britain to decide what is potentially good for them
Several people have stated that the U.K. should not be given a valuable post-EU membership deal however Timo Soini, the foreign minister of Finland claims that the countries need each other in order to ensure development to the global market.
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