EU Chief Brexit Negotiator Laments Lack of Progress

August 31, 2017 Share Print 0

The European Union’s chief Brexit negotiator has lamented a lack of developments in the third round of Brexit negotiations, saying that no “decisive progress” has been made on any principal subjects.

Michel Barnier said Thursday that the three-day talks in Brussels with his British counterpart David Davis, and their respective delegations, had secured “useful clarification on a number of points,” but insisted that both sides remain far from agreeing a final deal ahead of the U.K.’s departure from the EU.

“We did not get any decisive progress on any of the principal subjects,” Barnier told reporters, referring to the key issues citizens’ rights and the U.K.’s Brexit bill.

He admitted, however, that talks on the Irish border – the third issue of contention in early stage discussions – had been “fruitful.”

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Google+
Latest Posts

Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.