According to The Independent UK, a leaked strategy document
from German Finance Minister Wolfgang Scahuble indicates a possible legal
challenge against the United Kingdom in the event it refuses to pay its £50bn
"divorce" bill to the European Union. According to the Vienna
Convention on the Law of Treaties from 1970, the disputes of any state
terminating its treaty commitments would be heard at The Hague.
Germany has warned the UK firsthand that it would take
Britain to the International Court of Justice should it refuse to honour its
billion-pound commitment to the bloc after UK Prime Minister Theresa May
indicated the UK is opting not to pay for any "divorce bill." This
statement is in contrast with UK Chancellor Philip Hammond's statement the UK
will honour to pay all its responsibilities for the European Union.
Brexit Secretary David Davis also said the UK would
"meet all its international obligations" but expects that the EU
would respect the UK's rights as it exists the union. Despite Germany's
threats, Mr Davis believes he "would not see that sort of money change
hands."
The leaked statement said Germany fears a "hard
Brexit" could cause an immense financial crash for the Euro and the UK
will need to address the possible trouble with an exit fee package.
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