Special meeting of the European Council (Nov. 25) - Conclusions - full text

Eren Sengezer FXStreet

Below is the full text of the conclusions of the meeting of the EU27 leaders published by the European Council.

1. The European council endorses the agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community. On this basis, the European council invites the commission, the European parliament and the council to take the necessary steps to ensure that the agreement can enter into force on 30 March 2019, so as to provide for an orderly withdrawal.

2. The European council approves the political declaration setting out the framework for the future relationship between the European Union and the United Kingdom of Great Britain and Northern Ireland. The European council restates the union’s determination to have as close as possible a partnership with the United Kingdom in the future in line with the political declaration. The union’s approach will continue to be defined by the overall positions and principles set out in the previously agreed European council’s guidelines. The European council will remain permanently seized of the matter.

3. The European council thanks Michel Barnier for his tireless efforts as the union’s chief negotiator and for his contribution to maintaining the unity among EU27 member states throughout the negotiations on the withdrawal of the United Kingdom from the European Union.

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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