EU Brexit Negotiation Warns UK About Their Position

A post-Brexit transition period is “not a given”, the European Union’s (EU) Brexit negotiator Michel Barnier warned Britain on Friday, saying London had raised “substantial” issues with the plan proposed by the bloc.

Barnier, speaking to journalists in Brussels after the latest round of negotiations with British envoys, said he was surprised by London’s position and that some of the EU’s positions on the transition period were non-negotiable.



“If these differences persist, a transition is not a given,” Barnier said.

“If these disagreements were to persist, there will undoubtedly be a problem. I hope we will be able to resolve these disagreements in the next round.”

“The sooner the UK makes its choices, the better,” Barnier also said of the EU’s expectation that London should present its vision of its new relationship with the bloc after the post-Brexit transition ends.

via CNBC

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Alfonso Esparza

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.
Alfonso Esparza