Germany Keen to Give Nothing Away Until Article 50 is Triggered

German Chancellor Angela Merkel’s government is battening down the hatches for the coming Brexit talks, instructing officials to avoid any back-door contacts that could hand the U.K. an advantage.

Merkel’s chancellery is receiving U.K. diplomats but politely refusing to grant the U.K. any favors in advance of the official negotiations, according to two people familiar with the matter. Officials at some ministries have been instructed to shun official contacts with U.K. counterparts that could reveal negotiating positions, another person said.

The German message in private is the same as in public: that discussions can’t start until Britain presents its opening gambit after triggering Article 50 of the Lisbon Treaty, the three people said. All asked not to be identified discussing private government matters.

Bloomberg

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.