Seeming to contradict some of the "hard" Brexit rhetoric espoused at the start of negotiations with the EU on Monday, finance minister Philip Hammond and Bank of England governor Mark Carney stressed the perils of an abrupt divorce from Britain's biggest trading market.
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Carney even mocked Foreign Secretary Boris Johnson's argument that Britain can have its cake and eat it by quitting the European Union but still retaining the benefits of membership. The central bank chief -- to the ire of some Brexiteers -- has long argued that Britain should proceed on a smoother glide path out of the EU by agreeing transitional rules for its banks and companies. Hammond, whose stock has risen since Prime Minister Theresa May emerged wounded from a general election setback this month, singled out financial services as a key driver of the economy. While Brexit minister David Davis on Monday stressed that Britain would have to quit the EU's common market and customs union, Hammond agreed with Carney on the need for a transitional deal "to avoid unnecessary disruption and dangerous cliff edges".
Ensuring that Brexit does not imperil British jobs or impoverish living standards "will require every ounce of skill and diplomacy that we can muster", he said. Search News Search web.
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It will get tougher," the chancellor of the exchequer added. What to Read Next. The Independent. Next, he declined to support the secular opposition that coalesced in response to the Assad regime's brutal repression of that dissent. This was a gift not just to Mr.
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Assad but also to his patrons, Russia and Iran. This year, the president reestablished diplomatic relations with the Castro regime in Cuba and promised to restore trade relations — concessions that have so far gone unreciprocated. Cyber attacks by China and North Korea have not been rewarded but neither have they provoked serious consequences. As for the deal Mr.
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Obama has negotiated with Iran, it will enrich and empower the Islamic Republic's rulers. In exchange, they are promising to delay a nuclear weapons program they claim has never existed. It's only fair to point out that these policies are less a departure from the past than the extension of a long-developing tendency. President Reagan did not seek to appease the Islamic Republic but neither did he make Iran's rulers pay a steep price for the invasion and occupation of the U.
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He responded fecklessly to the slaughter of American service members in Beirut as well as other atrocities directed against Americans by Hezbollah, Iran's proxy in Lebanon. President Clinton did nothing about the Khobar Towers attack that killed 19 U. This update: Last week, the Saudis reportedly captured the reputed mastermind of that attack, Ahmed al-Mughassil, a senior leader of another Iranian-backed terrorist group, Hezbollah al-Hijaz the Hijaz is a region of Arabia. He had been living in Beirut under the protection of Lebanese Hezbollah. It's worth noting that the families of Khobar Tower victims have never received compensation.
Instead, under the Iran agreement, billions of dollars will be released to the rulers responsible for the slaughter. Those who orchestrated Iran's attempt to blow up the Cafe Milano in Georgetown in have gotten away with it, too.
Two years ago, Mannsor Arbabsiar, an Iranian American, was sentenced to 25 years in prison for his role but, according to prosecutors, he had been recruited by a senior official in Iran's Islamic Revolutionary Guard Corps, the most powerful organization in Iran. There have been a few exceptions to this trend. In negotiations with the Soviets, President Reagan really did prefer no deals to bad deals. President George H. Bush forced Saddam Hussein to disgorge Kuwait. President Clinton used air power to save Muslim communities in the Balkans.
President George W. Bush toppled the Saddam regime and, eventually, found a general capable of defeating both al Qaeda in Iraq and Iranian-backed Shia militias.
President Obama backed rebels fighting Libyan dictator Moammar Gadhafi. From all these experiences, lessons can be learned.
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