Article 50 author Lord Kerr says Brexit not inevitable – BBC News

Dhwani Mehta FXStreet

Speaking in an interview with BBC news, Lord Kerr of Kinlochard, who wrote Article 50, noted that the UK could choose to stay in the EU even after Brexit-process had commenced.

Key Quotes:

"(UK) might want to think again"

"It is not irrevocable.”

"You can change your mind while the process is going on.”

"During that period, if a country were to decide actually we don't want to leave after all, everybody would be very cross about it being a waste of time.”

"They might try to extract a political price but legally they couldn't insist that you leave."

"I thought the circumstances in which it (Article 50) would be used, if ever, would be when there was a coup in a member state and the EU suspended that country's membership.”

"I thought that at that point the dictator in question might be so cross that he'd say 'right, I'm off' and it would be good to have a procedure under which he could leave."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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