(Berlin) demanded that Britain desist from tax dumping and financial deregulation that would “jeopardize the stability of the union". This demand is almost insulting. British regulators have led efforts to recapitalize banks. It is the eurozone and Germany that have dragged their feet on tougher capital rules.Sigh. Like the same-old same-old. Like the demands presented by Austria Hungary to Serbia in 1914, Germany's demands are impossible for the British realm to accept. Not even the softest, most accommodating Brexit negotiators could accept such national humiliation under the heel of the Hun.
There is no longer any attempt at diplomatic tact. The document states that the European Commission will "determine" when the UK has made "sufficient progress" as it jumps through the hoops, the way it handles accession talks for supplicants hoping to join. It reads like an imperial curia discussing a colony.
........ What is clear is that if the final document presented to Britain looks anything like the EU papers circulating this week, no sovereign state can accept it.
I fear it will be full blown economic warfare.