Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

EU's executive would view Brexit legal remedies from end September

Published 22/09/2020, 16:41
Updated 22/09/2020, 16:45
© Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels

BRUSSELS (Reuters) - The European Commission will look into legal remedies at the end of the month if Britain does not adjust the parts of a domestic bill which breaches the Brexit divorce deal agreed last year, EU Commission Vice-President Maros Sefcovic said on Tuesday.

Sefcovic, speaking after a meeting of Europe ministers in Brussels, said that the Commission, which is negotiating on behalf of the 27 EU members, was asking London to withdraw the contentious parts of the bill by the end of September.

"After that we would look into the question of legal remedies," he told a news conference.

A new crisis in EU-UK talks has emerged after British Prime Minister Boris Johnson proposed new domestic laws for Britain that would undercut the Brexit divorce international treaty, known as the Withdrawal Agreement.

"There are other remedies which we can use still during the transition period but also after Jan. 1 because the Withdrawal Agreement is signed, ratified is part of international law and we are studying very carefully all the legal options we have on the table," Sefcovic said.

He said that the Commission would keep its calm and continue talking with Britain to find a solution to the issue, and one that left the Withdrawal Agreement intact.

Earlier, he said that the European Union would negotiate with Britain in good faith.

"We will continue to engage with the UK in good faith, building on progress already achieved," he told reporters.

Latest comments

There are no legal remedies to the EU if the British ignore them.
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.