EU Brexit summit to top off week ahead
Europe's political fog may finally start to lift in the coming week, with the French presidential election and the European Union's summit on Brexit strategy putting the bloc on a new path after months of uncertainty.
With growth on its best run in years and sentiment indicators pointing to buoyant consumption, clarity in an election-heavy year could help Europe move past a decade of economic pain - irrespective of the result of the first round in France.
Saturday's EU summit could also aid the healing process, at least setting a direction for divorce talks with Britain and making clear the bloc's priorities.
The 27 EU leaders are likely to make it a top goal to protect the rights of EU citizens living in Britain and other rights of any who have already left. They are also likely to seek cash from London to cover a wide range of existing commitments, ask for a schedule of annual payments, and will want the European Court of Justice to maintain a jurisdiction over certain commitments. Though the UK election suggests negotiation is unlikely to happen for months, clarity on the EU's own demands could aid growth. (Reuters)