EU should only agree to Brexit extension if UK has a plan – Germany’s BDI
|According to Germany’s powerful BDI industry association’s Managing Director Joachim Lang, the European Union (EU) should not agree to another Brexit extension unless the UK offers a breakthrough to the Irish backstop impasse and a solution to avoid a no-deal Brexit.
Key Quotes:
“There must be no free ticket for another delay without a clear roadmap.”
“If the British government submits a further request for an extension of the Brexit deadline under Article 50 of the European Treaties, it must be clear how London intends to avoid a bruising no-deal Brexit.”
“Only then and with credible parliamentary support, would a further delay make sense in our view.”
“A last-minute delay, in particular, is very expensive.”
“The behavior by the British government is disturbing. It’s irresponsible and playing with fire.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.