AGL 37.94 Decreased By ▼ -0.54 (-1.4%)
AIRLINK 193.91 Decreased By ▼ -9.11 (-4.49%)
BOP 9.32 Decreased By ▼ -0.85 (-8.36%)
CNERGY 5.84 Decreased By ▼ -0.70 (-10.7%)
DCL 8.68 Decreased By ▼ -0.90 (-9.39%)
DFML 36.46 Decreased By ▼ -3.56 (-8.9%)
DGKC 92.54 Decreased By ▼ -5.54 (-5.65%)
FCCL 33.97 Decreased By ▼ -0.99 (-2.83%)
FFBL 82.30 Decreased By ▼ -4.13 (-4.78%)
FFL 12.75 Decreased By ▼ -1.15 (-8.27%)
HUBC 120.61 Decreased By ▼ -10.96 (-8.33%)
HUMNL 13.60 Decreased By ▼ -0.42 (-3%)
KEL 5.22 Decreased By ▼ -0.39 (-6.95%)
KOSM 6.52 Decreased By ▼ -0.75 (-10.32%)
MLCF 42.11 Decreased By ▼ -3.48 (-7.63%)
NBP 59.81 Decreased By ▼ -6.57 (-9.9%)
OGDC 211.17 Decreased By ▼ -9.59 (-4.34%)
PAEL 37.58 Decreased By ▼ -0.90 (-2.34%)
PIBTL 8.07 Decreased By ▼ -0.84 (-9.43%)
PPL 190.32 Decreased By ▼ -7.56 (-3.82%)
PRL 38.17 Decreased By ▼ -0.86 (-2.2%)
PTC 23.45 Decreased By ▼ -2.02 (-7.93%)
SEARL 97.94 Decreased By ▼ -5.11 (-4.96%)
TELE 8.22 Decreased By ▼ -0.80 (-8.87%)
TOMCL 35.03 Decreased By ▼ -1.38 (-3.79%)
TPLP 13.55 Decreased By ▼ -0.20 (-1.45%)
TREET 22.73 Decreased By ▼ -2.39 (-9.51%)
TRG 52.87 Decreased By ▼ -5.17 (-8.91%)
UNITY 32.96 Decreased By ▼ -0.71 (-2.11%)
WTL 1.52 Decreased By ▼ -0.19 (-11.11%)
BR100 11,349 Decreased By -541.2 (-4.55%)
BR30 34,972 Decreased By -2384.1 (-6.38%)
KSE100 106,275 Decreased By -4795.3 (-4.32%)
KSE30 33,353 Decreased By -1555.7 (-4.46%)

The EU warned Friday that Britain needs a miracle to unlock the next phase of Brexit talks by next month as it hopes, as leaders discussed the post-Brexit reform plans of French President Emmanuel Macron. The talks in Tallinn, Estonia were supposed to be devoted to the digital future of Europe, but Britain's departure from the bloc and Macron's plans to reboot the union hijacked the agenda.
The youthful French leader has given new impetus to a year of European soul-searching after the Brexit vote, even as the bloc tries to sort out the nitty-gritty before Britain leaves in March 2019. European Commission chief Jean-Claude Juncker warned that there was next to no chance that the divorce talks would get far enough by the end of next month to move on to discussions on a future trade deal, a crucial demand of Britain.
"By the end of October we will not have sufficient progress," Juncker said as he arrived for the second day of the summit. "I'm saying there will be no sufficient progress from now until October unless miracles will happen." EU leaders are set to decide at a summit on October 19-20 whether there has been "sufficient progress" on three key issues: Britain's exit bill, the fate of Northern Ireland, and the rights of EU citizens living in Britain.
British Prime Minister Theresa May, however, insisted there had been "very good progress" on the rights of EU expatriates, following a major Brexit speech she gave in Florence, Italy, last week. EU negotiator Michel Barnier and his British counterpart David Davis wrapped up a fourth round of Brexit negotiations in Brussels on Thursday saying there had been progress following May's speech. Irish Prime Minister Leo Varadkar said there was a "better vibe and a better mood" coming from the talks, but added it was "still very evident there's more work to be done." Estonia, which currently holds the EU's six-month rotating presidency, bills itself as among the avant-garde of the digital revolution and called the summit to help promote tech in Europe.
At the digital talks, Macron was expected to push sceptical counterparts to overhaul tax rules so that more of the profits from Silicon Valley giants such as Facebook and Google fall into Europe's public coffers. In his closely watched speech on Europe on Tuesday, Macron thundered against high tech companies that had become the "freeloaders of the modern world".
The proposal was part of a wider vision that the 39-year-old leader unveiled in a landmark speech in Paris, aimed at reviving a European project hurt by Brexit, populism and the refugee crisis. "There's a collective wake-up call that a leap forward is indispensable in Europe," Macron said as he arrived for the second day of talks. At dinner in the Estonian capital on Thursday, EU national leaders held a debate about Macron's plans. German Chancellor Angela Merkel, the EU's most powerful leader, indicated her support for Macron's new vision.

Comments

Comments are closed.