Juncker Unsatisfied With UK Position Papers

European Commission President Jean-Claude Juncker joined the European Union’s chief negotiator, Michel Barnier, in lashing out at the U.K. for failing to prepare adequately for Brexit talks.“I’ve read all the position papers produced by Her Majesty’s government and none of them is satisfactory,” Juncker said on Tuesday at a conference in Brussels, as talks between the U.K. and the EU resumed. “There is still an enormous amount of issues that remain to be settled.

The stage had already been set for an intense round of negotiations after Barnier and Brexit Secretary David Davis met on Monday for the first time since July and candidly aired their frustration at each other’s approaches. Barnier said time was running out, as the U.K. continued in its bid to change the order of topics discussed.

Source: EU’s Juncker Slams U.K. on Brexit as Fractious Talks Resume – Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.