Newsdeck: France Presses For More Guarantees to Bind U.K.: Brexit Update

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South Africa: France Presses For More Guarantees to Bind U.K.: Brexit Update By Bloomberg

EU leaders are set to offer a delay of nine to 12 months, according to an EU official — that’s much longer than May wants. Macron continues to press for more conditions even after EU toughened language of communique to ensure U.K. doesn’t disrupt business during extension French official says not true that anything is better than no-deal Brexit May still aims to leave by May 22 to avoid EU elections; she told Tusk that any extension must allow for an early exit Varadkar says U.K.

However, an EU official said May told leaders the negotiations with the opposition were going better than was being portrayed publicly.One question hanging over Brexit is how long May will remain as Tory leader and British prime minister. She promised her party she would quit to allow a new premier to lead phase two of the negotiations, on the future trade talks, once the divorce deal is done.

The U.K. must commit to not “jeopardize the attainment of the Union’s objectives, in particular when participating in decision-making processes,” according to the draft seen by Bloomberg. The 27 will meet without the U.K. “where appropriate,” so not just to discuss Brexit as they do now. In his letter to leaders on Tuesday, European Council President Donald Tusk left open the possibility of Britain changing its mind, and the summit draft conclusions do too.Austrian Chancellor Sebastian Kurz said he backs a short extension but won’t block the U.K. taking part in EU elections if it’s the only way to avoid a no-deal exit.French President Emmanuel Macron struck the hardest line so far as leaders entered the summit talks. He said it’s time for the U.K.

If Britain used that time to hold an election or a second referendum and stay in, that would be “fine,” he said with a smile.Irish Prime Minister Leo Varadkar continued his campaign to give the U.K. some breathing space, suggesting the EU should show Theresa May “some flexibility by giving them a little bit more time.”

“I know many people will be frustrated that the summit is taking place at all, I greatly regret the fact that Parliament has not been able to pass a deal,” she said on her way into the gathering.Germany’s position is that an extension should last until around the end of the year, but the exact date is less important than securing a consensus among the 27, according to a person familiar with the situation.

 

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