EU Parliament’s Approval of UK Deal Not Guaranteed – Head

The European Parliament would not block a deal to help keep Britain in the European Union but may not back it fully, its president said on Tuesday, as British Prime Minister David Cameron prepared a final push to secure support for the deal.

Cameron must hammer out differences with fellow EU leaders at a summit on Thursday over a plan to reform Britain’s relationship with the European Union. If Britain subsequently votes to stay in the EU, the European Parliament would still need to approve key elements of the deal.

“I can give you a guarantee that the European Parliament will, immediately after the referendum to stay in (Europe), legislate on the proposal of the Commission,” Parliament President Martin Schulz told reporters after his meeting with Cameron.

“But to be quite clear, no government can go to the Parliament and say: this is our proposal, can you give a guarantee about the result. This is not possible in a democracy.”

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.