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World

What next for the EU after UK divorce?

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Opening sequence

World

What next for the EU after UK divorce?

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COMING UP:What next for the EU after UK divorce?

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Transcript

00:00:00
>>
FOREIGN]
> The EU left reeling after Britain's decision to go. Setting the stage for what could be a messy divorce. Paul Taylor is Reuters European Affairs Editor.>> The first reflex I think will be to scramble to try and consolidate the other 27 members and to make sure that other bits of the EU don't fall off as well.
00:00:22
We've heard already people like the nationalists in the Netherlands, Geert Wilders calling for a referendum there. The French National Front saying, it shows what a brutal dictatorial project the European Union is. So the leaders of the European institutions are meeting this morning, they will start discussing how to go about the divorce.
00:00:43
>> What doesn't kill you makes you stronger.>> In order partly to preserve the remaining EU, they'll have to be a fairly strict line taken with the UK, because nobody wants to encourage other countries to try the same thing. They say look you voted to leave, there are two years to negotiate a divorce.
00:01:04
If you want to continue to have access to the European single market you will have to accept our rules just as Norway does, and make a contribution into the EU budget. If Britain says we don't want to do that, the EU will say, well, in that case, you can't have automatic access for example, for your banks and financial services companies to sell their products into Europe.
00:01:29
One thing which is not clear at all is whether this will be a relatively harmonious divorce or a very acrimonious divorce. As an EU official put it to me, the kind of divorce where rather than talking to each other through lawyers, people start throwing crockery at each other.