Tusk's "Flextension" offer to the UK - "the only reasonable way out" – The Guardian
The Guardian reports further insights into the latest report, citing a senior EU official, the European Council President Tusk is likely to offer Britain next week a flexible Brexit extension of up to one year.
Key Quotes (via Twitter):
“A senior EU official said Donald Tusk had described a flexible extension as "the only reasonable way out" during a long meeting with officials’ yesterday evening ahead of the 10 April summit.”
According to a senior official, Tusk told the room: "I would call it a 'flextension'. How would it work in practice? We could give the UK a year-long extension, automatically terminated once the Withdrawal Agreement has been accepted and ratified by the House of Commons".
“The official added that Tusk went on to say: "And even if this were not possible, then the UK would still have enough time to rethink its Brexit strategy. Short extension if possible and a long one if necessary...”
"It seems to be a good scenario for both sides, as it gives the UK all the necessary flexibility while avoiding the need to meet every few weeks to further discuss Brexit extensions.”
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.
