Back

EU's Barnier: Will continue working intensively over coming days to ensure UK leaves EU with an agreement

The European Union's Chief Brexit Negotiator Michel Barnier has recently tweeted out his briefing to the EU27 ambassadors on the ongoing Brexit talks with the UK.

The arbitration panel can already, under Article 178 WA, give UK the right to a proportionate suspension of its obligations under the backstop, as a last resort, if EU breaches its best endeavours/good faith obligations to negotiate alternative solutions.

EU ready to give legal force to all commitments from January letter of @eucopresident and @JunckerEU through joint interpretative statement. europa.eu/!Kj44wR This will render best endeavour/good faith obligations even more actionable by an arbitration panel.

EU commits to give UK the option to exit the Single Customs Territory unilaterally, while the other elements of the backstop must be maintained to avoid a hard border. UK will not be forced into customs union against its will.

The EU will continue working intensively over the coming days to ensure that the UK leaves the EU with an agreement.

GBP/USD drops to 2-week near 1.3000 despite USD weakness

Although the dismal job market data from the U.S. put the greenback under pressure in the NA session on Friday, the GBP/USD pair struggled to gain tra
مزید پڑھیں Previous

Atlanta Fed: US GDPNow estimate for Q1-2019 unchanged at 0.5%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2019 is 0.5 percent on March 8, unchanged fro
مزید پڑھیں Next