Germany Confident Britain Will Pay What it Owes to EU

A man balances as he walks along a wall above the River Thames backdropped by the Houses of Parliament and Elizabeth Tower containing the bell know as “Big Ben” in London, Monday, March 20, 2017. Britain’s government will begin the process of leaving the European Union on March 29, starting the clock on the two years in which to complete the most important negotiation for a generation. (AP Photo/Matt Dunham)

Germany’s finance minister says he is confident that Britain will pay what it owes the European Union as it negotiates its exit from the bloc.

The EU wants Britain to pay a hefty divorce bill to cover pension liabilities for EU staff and other commitments that it has agreed to. British negotiators are sure to argue about the size of the bill.

German Finance Minister Wolfgang Schaeuble said as he arrived Monday at a meeting in Brussels with his eurozone counterparts: “Britain’s payment obligations are valid for as long as they are set out in the treaties.”

He added: “Britain is a reliable partner in all international agreements – I have no doubts here.”

Schaeuble didn’t name any specific sum of money.

Source: Associated Press