EU Launches Contingency Talks for Brexit Vote: Sources

European Union officials and diplomats launched a round of confidential discussions this week to prepare a coordinated response to a possible British vote to leave the bloc next month, EU sources told Reuters on Wednesday.

Britain will hold a referendum on EU membership on June 23.

Senior diplomats from founding powers Germany and France, as well as several other countries, met on Monday for talks chaired by European Commission President Jean-Claude Juncker’s chief of staff, Martin Selmayr, several sources said.

One source with direct knowledge of Monday’s discussion said it was intended to be followed by others on specific topics.

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.