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Free AccessImportant clarification piece run in The Times...>
UK: Important clarification piece run in The Times this morning, reflecting on
the December decision from the ECJ: "It's all or nothing: Article 50 can't be
revoked temporarily"
The Times writes: The possibility of a temporary revocation of Article 50 was
foreseen and ruled out. "The EU is not stupid," a senior official said. "If
Britain wants to revoke then the European council will want a clear commitment,
in good faith, that it is going to remain in the EU."
The most likely option to buy time for the government and the House of Commons
is an extension of the Article 50 process beyond March 29. Such a decision,
following a British request, must have the unanimous support of all 27 EU
states. If the reason for delay is to get the withdrawal agreement across the
line or to soften Brexit, then most in Brussels believe the answer would be
"yes".
Full link:
https://www.thetimes.co.uk/edition/news/it-s-all-or-nothing-article-50-can-t-be-
revoked-temporarily-xvwbxg97q
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.