EU’s Brexit negotiator Barnier: There is no Brexit bill and no punishment

EU's Chief Brexit Negotiator Barnier crossed the wires now, via Reuters, giving out the EU-Brexit directives at the press conference.

Main Headlines:

EU citizens in UK and UK citizens in EU must enjoy same rights based on EU law after Brexit

Methodology of financial settlement has to be established in first phase of talks

EU wants a single financial settlement with UK on budget and the end of UK participation in all EU institutions and funds

Britain must honour its share of all obligations undertaken as a member of the EU

UK's obligations should cover all its liabilities, contingent liabilities, and costs related to moving agencies out of the UK 

There is no Brexit bill and no punishment

This is not an exit tax

ECJ will have to have jurisdiction to settle disputes

EU will be transparent throughout the Brexit process

EU should always remain cool headed and solution oriented and put all effort into reaching a deal

EU is ready to start negotiating as soon as the UK is ready to come to the table

EU will calculate the UK's budget obligations using verifiable data