Free Trial

MNI BRIEF: EU Ponders Continuing Infringement Procedures Vs UK

(MNI) LONDON
(MNI) Brussels

The EU will consider reviving its infringement procedure against the UK, after the Westminster government launched legislation ending the UK’s participation in the Northern Ireland Protocol, Commission Vice President Maros Sefcovic said Monday.

Sefcovic said that the legislation was of “significant concern” and that the UK’s unilateral actions were damaging to mutual trust, but he added that any EU reaction would be aimed at securing the implementation of the Protocol and would be proportionate. He added that the EU would consider continuing with its infringement procedure launched against the UK in March 2021, but which was subsequently frozen in the interest of joint cooperation with the UK.

The EU would also consider new infringement procedures aimed at protecting the EU Single Market. Sefcovic said that the Commission would soon present “in greater detail” its model for “flexible implementation” of the Protocol, which he said would be based on durable provisions contained in the Protocol itself.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.