With reports in the papers today that the bill from the EU for Brexit could be as high as €100bn, you have to wonder what the final bill will be.

I suspect the €100bn figure is simply posturing. People generally start negotiations by saying the maximum possible figure so they can then come down to the figure they really want and appear reasonable.

It's going to be a interesting process to watch. And the reactions already seen say there are division in the European team over this already. EU hardliners are threatening that Britian will be taken to the European High Court if we don't pay, and no one has even come close to stating an official figure yet. Others in the EU are just saying the figure needs to be negotiated.

What the EU negotiators really want to do, of course, is arrive at a figure that is as high as possible, but that Britian will actually pay. Anything else is stupid. Of course politicians are involved in this so it's entirely possible that stupidity will be the order of the day :-(

One of the many risks here is that the EU hardliners will sufficiently piss off enough people in Britian to start a slanging match that won't actually help anyone or produce anything productive.


Source: BBC News - Brexit: UK and EU at odds over size of 'divorce bill'
Source: Yahoo News - Brexit 'won't be quick and painless' says EU negotiator Michel Barnier

(+315/+36/-693)