The Brexit Report

From lArgus de la presse, powered by GMI alliance

26/07/2016
Top news in 6 European
countries about Brexit
1

In the U.K

In France

In Belgium

In Germany

In Spain

In Italy

Six leading European

service providers from
the media-monitoring
and analysis industry
have
formed
an
international
alliance
under the name global
media
intelligence
(GMI alliance)
LArgus de la presse
(France),
Auxipress
(Belgium),
Acceso
(Spain),
LEco
della
Stampa
(Italy),
Pressdata
(UK)
and
UNICEPTA
(Germany)
coordinate
their
resources in a total of
15 countries in a bid to
provide customers with
an even better service.

1. In the U.K
There would be no need for a return to a full Irish border following
Britain's decision to leave the European Union, Theresa May said on her first visit to
Northern Ireland as Prime Minister. Mrs May's visit coincided with news that a crosscommunity group of Northern Irish politicians and human rights activists are to
mount a legal challenge to Brexit. Mrs May said she would find a practical solution
to managing the border after Brexit, insisting that nobody wanted a return to the
barriers and checkpoints.
Independence may offer Scotland the greatest stability while the
rest of the UK faces upheaval after last month's vote to leave the European Union,
Nicola Sturgeon has said. Ms Sturgeon said: I dont pretend that the option of
independence would be straightforward. It would bring its own challenges as
well as opportunities. But consider this: the UK that we voted to stay a part of in
2014 a UK within the EU is fundamentally changing. The outlook for the UK is
uncertainty, upheaval and unpredictability. In these circumstances, it may well be
that the option that offers us the greatest certainty, stability and the maximum
control over our destiny, is that of independence.
Theresa May has vowed to maintain peace and stability in Northern Ireland
despite fears that the UK's vote to leave the EU will lead to the creation of a "hard
border" with the Irish Republic. She said: What we do want to do is find a way
through this that is going to work and deliver a practical solution for everybody
as part of the work that we are doing to ensure that we make a success of the
United Kingdom leaving the European Union and that we come out of this with
a deal which is in the best interests of the whole of the United Kingdom.
There is no "deadline" for Britain to activate Article 50,
Jean-Claude Juncker said yesterday, as he rowed back from earlier demands for
the UK to trigger its European Union exit process immediately. He said: The British
Government needs several months to fine-tune its position. I would have preferred
the UK presents us its letter of resignation, so to speak, as soon as possible, as I had
thought that the British, especially those who wanted to leave the EU, would have
prepared for this possibility.
Scotland could demand border controls with England, it emerged
yesterday. First Minister Nicola Sturgeon claimed that freedom of movement
across Europe was one of the five red lines that could not be crossed to avoid
another referendum on independence.
UKIP leadership favourite, Steven Woolfe, will tonight tell party
members to show patience and give the Government time to get the right Brexit
deal. Mr Woolfe campaigned for UK independence with new Trade Secretary
Liam Fox, Brexit Secretary David Davis and Foreign Secretary Boris Johnson. He will
tell a rally in Manchester: Remember 17.4 million people voted to leave the EU.
Their wishes must be respected. The people voted for the UK to leave the single
market, control its own borders, sign a free trade deal with Europe and take back
control of its fishing waters.

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2. In France
G20 worried by the Brexit effects
The G20 ministers who gathered last weekend in Chengdu, western China, declared they are prepared to
any scenario concerning the Brexit. But, for the last rehearsal before the September summit in Hangzhou
they still seemed worried. The Great Britains exit from the EU could have cost them 0.1 point of global
growth this year, and forced the FMI to lower its forecasts to 3.1% instead of 3.5% for next year. Trying to
reassure the world, the last G20s statement said that EU members are able to absorb any significant
financial impact coming from the Brexit. According to Michel Sapin, the French Minister of Finance:
experts underlined how global finance resisted to the Brexit shock thanks to the coordination between
the central banks of the G20 members, which contributed to attenuate the backlash.
Le G20 s'inquite des effets du Brexit S. Lepltre
Union europenne : aprs le choc du Brexit, la tentation de ne rien changer A. Teyssier

3. In Belgium
Though reality check for soft Brexit
A soft Brexit scenario could foresee that in exchange for a considerable contribution to the EU budget, the
UK would be granted access to the European internal market and allowed to limit the movement of
people if the rights of EU citizens are protected. Dutch MEP Hans Van Baalen (ALDE) considers it a
possibility: "If the rights of the EU citizens that live now in the UK are permanently guaranteed by the British
government, then I see an emergency brake on the free movement of workers as a possible." The
European Commission and Council of the EU refuse to comment until the UK announces its departure. A
diplomatic source thinks it is unlikely that British Prime Minister Theresa May would be able to obtain better
concessions than David Cameron.
Brexit torpedoes British confidence
De Tijd writes that the Confederation of British Industry's (CBI) confidence barometer also shows the
British economy has the blues after the Brexit. This is the second sombre report on the matter. The CBI talks
about uncertainty looming over the British industry following the Brexit vote. This report increases the
chance of the Bank of England to loosen its policy next month. In Germany, however, the situation is
completely different: the confidence did not decrease. Yet, economist Carsten Brzeski warns it is too early
to see the Brexit as a non-event for the German economy. L'Echo mentions the Brexit could benefit
Luxembourg, which has been eyeing British companies that do not wish to sever their ties with the EU.
Yesterday, Luxembourg's Vice-Prime Minister Etienne Schneider and Finance Minister Pierre Gramegna
were in London to meet different actors and sell them the Luxembourg solution. The country could attract
specialised fintech startups as they might feel cornered on the British market.

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London and EU have started preliminary Brexit talks
L'Echo writes preliminary Brexit negotiations would have already taken place. In order to limit the
economic consequences, the UK would be granted access to the internal market, but it would also be
able to put a migration emergency stop during 7 to 10 years. The proposal would be opposed by
France but supported by Italy. Liberal MEP Guy Verhofstadt denounces that the UK is given all the
advantages without the costs. He stresses the European Parliament will never approve it: "An
agreement with such conditions would be unimaginable. It would allow the UK to extend its already
very favourable position: keeping the best part, without the obligations that go alongside the EU
membership." He asserts the European governments would be crazy to accept such an agreement. For
him, the European Parliament will not accept an agreement that paves to way for other EU member
states to follow the Brexit example. The EC did not comment, but spokesperson Margaritis Schinas
stated: "The February agreement is no longer valid since the night of 23 to 24 June. This proposal no
longer exists." De Morgen adds that in exchange for a considerable contribution to the EU budget, the
UK would be granted access to the European internal market and allowed to limit the movement of
people if the rights of EU citizens are protected. HRVP Federica Mogherini's adviser Nathalie Tocci
argued it would be similar to the 2004 EU enlargement which temporarily limited free movement of
people. Liberal MEP Hans Van Baalen considers it a possibility. The European Commission and Council
of the EU refuse to comment until the UK announces its departure. A diplomatic source thinks it is
unlikely that British Prime Minister Theresa May would be able to obtain better concessions than David
Cameron. Le Soir interviews French writer Michel Houellebecq about his writings as well as Europe and
the Brexit. He was pleasantly surprised by the British choice as he thought they would have given in to
the political and financial threats in the end. He argues that for a couple of years now the main
argument to stay in the EU lies in the fear of the consequences of the potential end of the EU. He feels
the EU is a bureaucratic structure which brings together a number of countries with no common
economic interests. He adds that a European culture does not exist.

4. In Germany
Brexit trbt Stimmung noch nicht / Brexit not yet casting a shadow over the good
mood
The prospect of the UK soon exiting the European Union has hardly dampened the mood in the German
economy, writes "Frankfurter Allgemeine Zeitung" with reference to the Ifo index that was published
yesterday. The index merely lost 0.4 points in July, falling to 108.3 points. While expectations for the
upcoming half-year were a little dimmer, the companies surveyed evaluated their current business
situation as slightly more positive than in the previous month.
Hoher Umsatz, geringe Profite / High revenue, low profit
Prospects are bleak for Europe's top companies, as the Brexit and the weak global economy are
weighing down profits, "Handelsblatt" writes. Without the estimated 7% gain attributed to German Dax
and MDax-listed companies with reliable profit generators such as Henkel and Continental, the results
would be even worse.

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5. In Spain
The First Minister of Scotland, Nicola Sturgeon, has presented to the media the points that her government
considers essential for supporting Mays government in the negotiations of Brexit. Among the measures
presented, the newspaper El Mundo has highlighted those in which Scotland calls for their economic and
social interests need to be heard within the EU. In this regard, it would be necessary to maintain the free
movement of persons and economic arrangements of the common market. Meanwhile the newspaper
Expansin has highlighted the negotiations between May and the Irish authorities in an attempt to calm
the critics who call for a referendum on independence.
Escocia marca las lneas rojas contra el 'Brexit' - Conxa Rodrguez
Escocia prepara la independencia como opcin tras el 'Brexit' - Pablo Guimn
El Brexit golpear el empleo y la inversin", dice Sturgeon - Amparo Polo
The Irish low-cost airline, Ryanair, has announced that will focus short-term investments outside the United
Kingdom because of the economic uncertainty expected in the country during the negotiations of the EU
exit. A period in which Ryanair does not rule out initiating a price war in order to attract a larger number of
passengers and maintain its pace of growth in the first half of the year, and in which it will reduce
investment in new air routes to London.
Ryanair gana un 4% ms en el primer trimestre
Ryanair crecer fuera de Reino Unido por el 'Brexit'
Ryanair mantiene previsiones pese al Brexit - A. Fernndez

6. In Italy
Valerio De Molli on Sole 24 Ore explains how Brexit could avert a recession in the medium term and turn
into a chance for growth. Il Sole 24 ore today hosts a forum/workshop titled Brexit Special the summer of
uncertainty with attendees as IMF, HSBC, KPMG, Accenture and Pirelli executives. Gabriele Principato
(Corriere della Sera) reports how investments are being withdrawn from the UK funds after Brexit: for
example, in June M&G, Schroders, Fidelity and Invesco lost 1 billion euros each. Theresa May arrives in
Rome (La Repubblica) for a meeting with the Italian PM Matteo Renzi: the British PM is currently touring the
EU to meet the governments and explain her post Brexit politics. Il Messaggero announce that the new
British Ambassador in Italy has taken office: Jill Morris replaces Christopher Prentice, is the first woman in this
office for the UK and is an expert of European matters. In a video message Morris says the UK will still be a
European country. MF details how, after the accomplishment of Brexit, the UK are longing for a free
exchange agreement with China: Philip Hammond foresees new opportunities, so the Chancellor of the
Exchequer in an interview to the BBC.
Brexit, da rischio a occasione /Speciale Brexit, lestate dellincertezza in un forum al sole
Effetto Brexit, fuga miliardaria dai fondi britannici
Theresa May arriva a Roma domain incontro con Renzi
GB, Jill Morris nuova ambasciatrice a Roma
Dopo la Brexit Londra vuole il libero scambio con la Cina