💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

EU's Barnier Doesn't Exclude Another Brexit Delay

Published 02/22/2019, 02:41 AM
Updated 02/22/2019, 03:00 AM
© Reuters.  EU's Barnier Doesn't Exclude Another Brexit Delay

(Bloomberg) -- Michel Barnier, the European Union’s chief Brexit negotiator, said he doesn’t exclude a delay to the date Britain leaves the bloc though the decision would require unanimity among the European heads of government who “will ask what for and for how long.”

Asked on Europe1 radio about the chances of a so-called Hard Brexit, Barnier said “today I am more worried than before, but I think there is still a chance to save this accord.”

Barnier called Brexit a “lose-lose”’ situation for both sides. “Theresa May has to get a majority to approve this accord,” he said. “That’s the condition to go further. The separation has to be orderly so that we can move on to the more important task of defining our future relationship.”

NOTE: EU Is Said to Expect May to Request Three-Month Delay to Brexit

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.