Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

'You can still stop Brexit,' EU lawmakers to tell Britons

Published 28/03/2017, 15:53
Updated 28/03/2017, 16:00
© Reuters. Knitted European flags hang from a ribbon tied around a tree during a protest in favour of amendments to the Brexit Bill outside the Houses of Parliament, in London

By Francesco Guarascio and Tom Körkemeier

BRUSSELS (Reuters) - European Union lawmakers want to tell Britons they can change their minds and stay in the EU after Prime Minister Theresa May triggers a two-year Brexit countdown on Wednesday.

The European Parliament is drafting a resolution to respond to May's notice of withdrawal under Article 50 of the EU treaty. Senior lawmakers said it would stress London could still halt the process, as long as the other member states agreed.

The resolution text is not yet final but the intent is to strengthen the hand of those in Britain who want to halt Brexit.

"We do not want to close the door to common sense," Philippe Lamberts, Belgian co-leader of the Greens in the parliament, told reporters. A member of the Brexit team in the legislature, which will have to approve an exit treaty, Lamberts added: "There will be a reference to the revocability of Article 50."

Elmar Brok, a member of the team from German Chancellor Angela Merkel's Christian Democrats, also said there was such a reference in the draft resolution, to be agreed by party leaders on Wednesday and put to a vote in the legislature next week.

Insisting Britain can U-turn enters hazy legal territory.

It defies May, who says the process cannot be halted despite Brexit opponents' hopes of a new referendum or British parliamentary vote. And although EU officials disagree with May and have said the process can be stopped, with the consent of all states, they do not welcome Brussels lawmakers' bid to revive the issue.

EU RESIGNED TO BREXIT

Donald Tusk, the European Council President who will receive May's letter on Wednesday, has said since last June's referendum vote to leave that he was sure the other 27 member states would agree to let Britain stay if it had a change of heart.

But he will make no mention of that this week when he gives the EU's response to May by issuing draft guidelines for the Brexit negotiations, EU officials said. Even governments most reluctant to see Britain go have little appetite for the further upset and uncertainty a British U-turn would have.

The bloc's chief negotiator, Michel Barnier, had tried to discourage lawmakers from making explicit reference to halting the exit, parliamentary officials said, and had insisted that it include a reference to any cancellation of the Brexit process requiring the unanimous approval of all 27 other member states.

Aides to Barnier declined immediate comment.

The question of whether unanimity would be needed has divided legal opinion in Brussels but EU officials said on Tuesday the prevailing view was that it was necessary.

Last month, former prime minister Tony Blair called on Britons to "rise up" and try to block Brexit if they could.

© Reuters. Knitted European flags hang from a ribbon tied around a tree during a protest in favour of amendments to the Brexit Bill outside the Houses of Parliament, in London

But that may no longer be entirely in British hands. One senior EU diplomat said of Blair's campaign: "This bus has left."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.