🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Longer Brexit transition period would not hurt Europe - Asselborn

Published 17/10/2018, 07:31
© Reuters. Britain's Prime Minister Theresa May talks to employees at WPP who have come through micro fellowships and apprenticeships, after a roundtable meeting with business leaders, at the Southbank Centre in London

BERLIN (Reuters) - It would not hurt Europe if Britain was allowed to remain in the European Union customs union and internal market beyond an agreed transitional arrangement, Luxembourg Foreign Minister Jean Asselborn said.

"What can be extended with no major problem is the Jan. 1, 2020 date for the transition period. If a year is added to that it won't hurt Europe, I hope not Britain as well," Asselborn told German broadcaster Deutschlandfunk on Wednesday.

German daily Frankfurter Allgemeine Zeitung had reported late on Tuesday that the European Commission had offered to extend the transition period beyond the end of 2020.

© Reuters. Britain's Prime Minister Theresa May talks to employees at WPP who have come through micro fellowships and apprenticeships, after a roundtable meeting with business leaders, at the Southbank Centre in London

(This version of the story corrects third paragraph to show period to be extended beyond the end of 2020, not until the end of 2020.)

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.