Hard Brexit is up to Britan, says Eurogroup head Jeroen Dijsselbloem

Luxembourg: Eurogroup head Jeroen Dijsselbloem warned Britain on Monday that a "hard Brexit", leaving the UK with no special ties to the European Union, would be a choice made by London alone.

"It is their choice, that is my understanding of the speech of the Prime Minister (Theresa May)," Dijsselbloem, who is also the Dutch finance minister, said as he arrived for talks with his eurozone counterparts in Luxembourg.

"It is their choice to go for a hard Brexit and I would not be in favour of that at all," Dijsselbloem said.

Eurogroup head Jeroen Dijsselbloem. Reuters

Eurogroup head Jeroen Dijsselbloem. Reuters

Dijsselbloem was referring to an uncompromising speech by May last week in which she said curbs on migration and not trade ties would be the priority in divorce talks with the EU.

But EU leaders have said Britain must accept free movement of people if it wants unfettered access to the European single market, the world's biggest and richest economy.

"There are principles, and on these principles, no country still remaining in the European Union will budge," said French Finance Minister Michel Sapin.

"That is the position of France, just as much as it is the position of Germany," he added, referring to the EU's two biggest and most influential powers.

The ministers spoke as worried British MPs in London called for a parliamentary vote on Britain's future ties with the EU and warned hard Brexit was a "grave danger".

Concern that Britain is heading for this "hard Brexit" dragged the pound down to 31-year lows against the dollar last week and prompted business leaders to call on May to remain open to compromise with Brussels.

The pound also sunk on comments by French President Francois Hollande on the need for a tough EU stance, but France's EU commissioner on Monday called for calm. Brexit "must not be a punishment for Britain or its

Brexit "must not be a punishment for Britain or its citizens, it must not be a punishment for Europeans," said Moscovici, the EU's Economic Affairs Commissioner.

"I don't know what hard Brexit, soft Brexit means. We must have a clean, a correct negotiation in the interest of both parts."

Updated Date: Oct 10, 2016 22:35 PM

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