Obstacles to an amicable divorce from EU [CNN]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: CNN
Brexit triggered: 5 huge obstacles to an amicable divorce It's go time. The U.K. has officially begun the formal process of leaving the European Union . It promises to be a messy breakup, with wrangling over shared assets, finances and the future of trade. Top EU negotiator, Michel Barnier , has warned that Britain faces severe disruption to air traffic, nuclear fuel shortages and delays in moving goods across the channel if an agreement on Brexit cannot be reached. Here are the five key issues that could kill any chance of an amicable divorce: 1. The divorce bill The EU expects the U.K. to honor existing joint spending commitments even as it walks out the exit door in 2019. EU members pay for infrastructure projects, social programs, scientific research and wages and pensions for EU bureaucrats. The current budget runs until 2020. EU Commission President Jean-Claude Juncker said recently that Britain will need to pay roughly £50 billion ($63 billion) as it leaves. The U.K. has
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