Business Standard

EU executive says working for Brexit deal but also doing no-deal preparations


BRUSSELS (Reuters) - The European Commission continues to prepare for the possibility that Britain may leave the EU in March without a deal on their future relations but insisted on Thursday that it was working to conclude a treaty.
The EU executive's chief spokesman dismissed some media accounts of a briefing on Wednesday for EU states by a senior Commission official on the no-deal preparations as "horror stories", saying there was no significant shift in expectations.
"We are ready for all scenarios," Margaritis Schinas told a regular news briefing, but insisted the priority was to reach a deal with London. "Keep calm and keep negotiating," he added, before quoting Commission President Jean-Claude Juncker who said last week that the executive was already well-prepared.
"Don't worry, be happy," Juncker said last week.
(Reporting by Alastair Macdonald, Francesco Guarascio, Gabriela Baczynska; Editing by Hugh Lawson)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 27 2018 | 4:19 PM IST

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