European Union

Nailing down Britain's exit payment sits front and center for the European Union

Nailing down Britain's exit payment sits front and center for the European Union

The European Union and Britain remain billions of dollars apart in what each side expects as the price tag for breaking away from the multi-nation bloc, stalling negotiations, officials said Friday.

British Prime Minister Theresa May did not specify how much Britain would pay when it leaves the bloc. She recently said Britain would pay its commitment in the current EU budget period, which runs up to 2020 and amounts to an estimated $24 billion.

But EU leaders at a two-day summit in Brussels said the estimated $24 billion was not enough.

French President Emmanuel Macron told a news conference that Britain would be expected to offer much more money before negotiations...

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