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Added on the 20/07/2016 18:33:22 - Copyright : Reuters EN
Along with new data showing German investors at their most anxious in nearly four years, euro zone flash consumer confidence numbers show further signs of Brexit damage to European economic sentiment. David Pollard reports.
The aftershocks of Britain's Brexit referendum are running through British jobs and consumer confidence. But not in the euro zone, where the economy is proving surprisingly resilient to the UK's decision to leave the EU. Laura Frykberg reports.
Better-than-expected UK GDP and upbeat consumer confidence data from Europe could suggest the full impact of Britain's Brexit vote hasn't hit the economy, at least not yet. The latest numbers come as UK PM Theresa May takes her case for a Brexit deal to Italy. David Pollard reports.
President of the European Council Donald Tusk declared that the UK will not be allowed to access the EU single market without accepting the freedom of movement of citizens, during a press conference in Brussels on Wednesday. "There will be no single market a la carte," he stressed. The announcement comes after all the EU leaders met for the first time since the British referendum result last Friday.
German Chancellor Angela Merkel stated that the UK will lose access to the EU's single market if it doesn't accept EU rules on the freedom of movement, during a press conference following a European Council emergency meeting on Brexit in Brussels, Wednesday.
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