International Economic Week in Review: The ECB and Bank of Canada Maintain Their Current Rate Policy

            At the political level, the “negotiations” between the UK and the EU over Brexit continue to show two parties talking past each other.  A week ago Friday, British prime minister May give a speech where she attempted to argue that the UK should still be able to maintain favorable access to the common market.  Earlier this week, the EU responded by saying in no uncertain terms that would not be possible.  What May fails to publicly recognize is that the EU will continue to take a hardline position for the duration of these negotiations.  The common market cannot