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Free AccessMNI BRIEF: EU: Protocol Proposals 'Not Take It Or Leave It'
EU Official: Warns Solution Will Be Difficult If UK Focuses On Constitutional Issues
An EU official said Wednesday that the latest proposals from the EU Commission to try and ease trade tensions with the UK around the implementation of the Northern Ireland Protocol were not offered in a "take it or leave it" attitude, with the official noting the proposals were "significant and extremely far reaching" and would feed into talks with the UK, aimed at an "agreed solution".
UK Brexit Minister David Frost has insisted in public that the UK will not accept the role of the European Court of Justice in overseeing the Protocol, but the EU official ruled out any renegotiation of the Protocol, which would be needed to make that possible, suggesting if the UK insist on its constitutional concerns then there remains a very big gap between the two.
"We hope for the best and prepare for the worst and we can't exclude that the UK will nevertheless use Article 16," the official added.
To read the full story
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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.