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IPFS News Link • European Union

UK Wins Brexit Extension in EU Style Compromise Satisfying No One

• moneymaven.io by Mike Mish Shedlock

The EU agreed to a Brexit Extension Through the End of October as a compromise between the lengthy extension that European Commission President Donald Tusk wanted and the short extension that French President Emanuel Macron wanted.

The Wall Street Journal reports EU Leaders Agree to Delay Brexit Until Oct. 31.

The decision further extends a torturous process that began with the U.K.'s June 2016 referendum decision to leave the EU and that has divided the country's people and Parliament. A deal Mrs. May finalized with the EU in November has been rejected three times by lawmakers, and no majority has been found for any alternatives.

The decision, reached at a summit that ended in the early hours of Thursday morning, was a typical EU compromise, this time between member governments that favored a short extension and those that wanted a much longer one.


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