© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
MNI EXCLUSIVE

MNI interviews LSE's Ricardo Reis

CORN TECHS

(N2) Bullish Focus

JPY

Broader base buying

EQUITY TECHS

E-MINI S&P (M2): Stalls Ahead Of First Resistance

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Latest Truss-Sefcovic Call Makes No Progress On NI Protocol

EU-UK
markets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign ExchangePolitical Market News

A call earlier this morning between UK Foreign Secretary Liz Truss and EU Commission VP Maros Sefcovic made little-to-no progress on the issues surrounding the Northern Ireland protocol according to a readout from the UK side.

  • EU Statement: https://ec.europa.eu/commission/presscorner/detail...
  • UK Statement: https://www.gov.uk/government/news/foreign-secreta...
  • EU Statement select comments: "It continues to be of serious concern that the UK government intends to embark on the path of unilateral action....We have made clear that there is still potential to be explored in our proposals. We are still awaiting the response from the UK side...Such unilateral action will also undermine the conditions which are essential for Northern Ireland to continue to have access to the EU single market for goods. The EU and the UK are partners facing the same global challenges where upholding the rule of law and living up to international obligations is a necessity."
  • UK Statement select comments: "...She also noted that the current situation was causing unacceptable disruption to trade and had created a two-tier system where people in Northern Ireland weren’t being treated the same as everyone else in the UK....Vice President Šefčovič confirmed that there was no room to expand the EU negotiating mandate or introduce new proposals to reduce the overall level of trade friction.... if the EU would not show the requisite flexibility to help solve those issues, then as a responsible government we would have no choice but to act."
  • Should be noted that previous calls or meetings between Truss and Sefcovic were followed by joint statements. Issuing separate statements marks a return to the days when hardline Brexiteer Lord Frost acted as the main point of contact with the EU,
273 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

A call earlier this morning between UK Foreign Secretary Liz Truss and EU Commission VP Maros Sefcovic made little-to-no progress on the issues surrounding the Northern Ireland protocol according to a readout from the UK side.

  • EU Statement: https://ec.europa.eu/commission/presscorner/detail...
  • UK Statement: https://www.gov.uk/government/news/foreign-secreta...
  • EU Statement select comments: "It continues to be of serious concern that the UK government intends to embark on the path of unilateral action....We have made clear that there is still potential to be explored in our proposals. We are still awaiting the response from the UK side...Such unilateral action will also undermine the conditions which are essential for Northern Ireland to continue to have access to the EU single market for goods. The EU and the UK are partners facing the same global challenges where upholding the rule of law and living up to international obligations is a necessity."
  • UK Statement select comments: "...She also noted that the current situation was causing unacceptable disruption to trade and had created a two-tier system where people in Northern Ireland weren’t being treated the same as everyone else in the UK....Vice President Šefčovič confirmed that there was no room to expand the EU negotiating mandate or introduce new proposals to reduce the overall level of trade friction.... if the EU would not show the requisite flexibility to help solve those issues, then as a responsible government we would have no choice but to act."
  • Should be noted that previous calls or meetings between Truss and Sefcovic were followed by joint statements. Issuing separate statements marks a return to the days when hardline Brexiteer Lord Frost acted as the main point of contact with the EU,