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.”
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.
