EU's Tusk: EU leaders ready to consider extended transition period positively
|Below are key takeaways from the statement delivered by President Donald Tusk after the European Council meetings on 17 and 18 October 2018.
- EU27 confirmed that we want to continue the talks in a positive spirit.
- Leaders expressed their full trust in Michel Barnier, and asked our negotiator to continue efforts to achieve an agreement.
- We should be clear that, as for now, not enough progress has been made.
- The issue of the length of the transition period was not discussed among the EU27 leaders yesterday.
- But let me recall that in her Florence speech in September 2017, Prime Minister May proposed a transition period of around 2 years.
- The EU accepted this proposal unanimously.
- Therefore, if the UK decided that an extension of the transition period would be helpful to reach a deal, I am sure that the leaders would be ready to consider it positively.
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.