EU steps up planning for no-deal Brexit

Image
AFP Brussels
Last Updated : Dec 14 2018 | 7:30 AM IST

EU leaders agreed Thursday to step up preparations for Britain crashing out of the bloc next March without a deal, with the European Commission to publish a plan next week.

At a summit in Brussels, the leaders of the 27 EU member states called for work on "contingency preparedness" -- Brussels jargon for no-deal planning -- to be intensified.

Commission President Jean-Claude Juncker said he would publish the no-deal planning details on December 19, urging Britain to clarify what it wants from the EU.

"Because we are in a debate that is sometimes nebulous and imprecise, I would like some clarifications," Juncker said after summit talks.

"As we do not know what the collective reactions will be -- of the 27 or of the UK -- the commission will publish on December 19 all the information that is generally useful for the preparation of no deal."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 14 2018 | 7:30 AM IST

Next Story