The possibility of Brexit has triggered a heated debate among entrepreneurs in Britain. Some firms value access to the EU market and to workers from the EU, while others are annoyed by inflexible regulations and want out.
UK Brexit Minister David Davis' speech in Vienna sought to reassure EU leaders. Brexit would not lead to an Anglo-Saxon race to the bottom and Britain would not be plunged into a Mad Max-style world, he said.
The number of EU citizens leaving Britain has reached its highest level in a decade, while fewer are arriving. It is unclear if concerns surrounding Brexit are a major factor in people's decision to leave.
The clocking is ticking on Brexit and all signs point to an ill-prepared strategy. Angela Merkel and Theresa May, however, have struck a positive tone on the matter despite the challenges that lie ahead.
Martin Selmayr has been the shadowy figure beside EU Commission President Jean-Claude Juncker since 2014. His promotion to Commission secretary-general could cement his power in EU politics for years to come.
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