No Brexit deal scenario is a "serious possibility" - Irish PM News

Omkar Godbole FXStreet Contributor

Ireland's Prime Minister Leo Varadkar has warned that Britain has yet to propose a solution to the Irish border issue and risks crashing out of the EU if progress is not made ahead of a Brussels summit next month, according to Reuters report.

Key quotes (Source: Reuters)

If we are not making real and substantial progress by June then we need to seriously question whether we're going to have a withdrawal agreement at all

We stand by the text of the withdrawal agreement and the text of the protocol published in March as does the task force and the 27 member states that are behind us

If the UK wants to put forward alternatives to that whether alternative text to the backstop or an alternative future relationship between the UK and the EU, we're willing to examine that.

But we need to see it written down in black and white and know that it is workable and legally operable. And we've yet to see anything that remotely approaches that

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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