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World

Europe runs short of patience on Brexit

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World

Europe runs short of patience on Brexit

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COMING UP:Europe runs short of patience on Brexit

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00:00:01
>> Europe's patience over Brexit may be wearing thin. Euro's own finance ministers, the so called Euro Group meeting in Bratislava. Speaking Friday morning, Euro Group Chairman Jeroen Dijsselbloem said it was time for Britain to make up it's mind on how to proceed.>> Start and pick on the time lost.
00:00:18
>> That, as Brussels waits for the country to invoke Article 50, the formal mechanism for beginning the two year exit process. Reuters European politics and economics editor, Mark John, says London doesn't want to give up its trump card too soon.>> I think, in general, everyone's aware that when Article 50 is triggered, shall we say, that Britain loses whatever leverage it's got to influence the timing of the negotiations.
00:00:47
In Brussels, people probably realize that it's not gonna rush into that. Particularly, given that it hasn't yet formulated its position in the negotiations.>> The meeting not just about how to handle Britain. Remaining EU members also have to figure out what they're going to do after Brexit. Some clues to the response, starting to emerge.
00:01:08
>> What we know is that the EU as a whole, realizes that after the Brexit vote, it has to find ways of making itself seem more popular and more relevant to European voters. We've already seen, for example, with its case against Apple and whether it should pay more tax, something which is very motivated.
00:01:32
It's showing that it is not on the side of the multinationals, that it wants to get the best deal for taxpayers.>> Other popular measures in the works, the EU saying Friday that it would move to outlaw roaming charges for mobile phones. But that's hardly the basis for fundamental reform of the EU.
00:01:49
Brussels, just as much as London, has some hard thinking to do.