Friday, September 21, 2018

Brexit Update

Not obsessively, but more than occasionally, we’ve been following the progress of Brexit as the U.K. tries to negotiate its way out of the EU. EU leaders met in Austria recently at an “informal summit” at which PM May’s proposal was dumped upon, so Reuters reports.

This increases the odds that Britain simply leaves in March, without a “deal” of any sort. Reuters refers to this eventuality as “crashing out.”

Remaining in power only in coalition with a Northern Ireland Protestant party, May is playing a weak hand. This is something of which the other EU leaders are well aware and plan to take advantage of. The Ireland border issue is still a sticking point - no surprise.