Ireland's Coveney: EU is serious about helping PM May get deal passed

Eren Sengezer FXStreet

Irish foreign minister Simon Coveney recently crossed the wires saying that British Prime Minister Theresa May's parliamentary defeat on Thursday increased the scepticism among the EU that she could pass her deal, but added that the EU was serious about helping PM May to succeed on that matter.

Key quotes (via Reuters)

In no-deal, the UK is obliged to stick to 2017 commitment on no border infrastructure.
Ireland is 100 pct committed to remaining a full member of the EU single market.
EU ready to give robust, comprehensive reassurances on the backstop.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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