German Chancellor Merkel rules out informal talks with Brexit talks

With the debate on “Brexit” heating up, German Chancellor Angela Merkel commented that there would not be any informal negotiations with the United Kingdom before any formal declaration of intention to leave the European Union.

Merkel stated that she was willing to accommodate more time for the U.K. if the nation needed more time to file the Article 50 needed to trigger a member state’s EU exit.

Source: Bloomberg