News

EU unlikely to allow a short extension if UK MPs don’t approve the Brexit deal by April 11 - Report

According to a Buzzfeed news report - quoting senior EU officials, EU leaders are unlikely to allow a short Article 50 extension unless British MPs don't approve the Withdrawal Agreement by April 11. The same official also indicated that a long extension could last to the end of March 2020.

This comes on the back of the President of European Commission, Jean-Claude Juncker's earlier statement to MEPs that 12 April was the "ultimate deadline" for the House of Commons to approve the deal – and no further short extension would be possible if MPs had not done so by that date.

In the event of a long extension the “UK must organise European Parliament elections and say so on 10 April,” said the EU official and further added, “we will freeze negotiations until the end of year until the UK agrees on the withdrawal agreement with an amended political declaration, possibly after a general election or a referendum.”

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.