Brexit at Impasse Over Fishing Rights

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • New Covid Variants from South Africa, Brazil Worry Health Experts
  • McConnell Says He’ll Make Deal With Schumer, Backs Off on Filibuster
  • Schumer Says Democrats May Advance Stimulus Bill Without Republicans
  • Bloomberg Quicktake: Now published this video item, entitled “Brexit at Impasse Over Fishing Rights” – below is their description.

    The European Union rebuffed Prime Minister Boris Johnson’s latest concessions on fishing rights, dealing a setback to efforts to secure a post-Brexit trade deal.

    Johnson spoke with Commission President Ursula von der Leyen twice by phone on Monday to try and break the deadlocked negotiations. The U.K. put forward a proposal that would see value of the fish EU boats catch in British waters shrink by 30%, a substantially smaller drop than the 60% it was demanding last week.

    The bloc, however, refused to accept a reduction of more than 25%, saying even that was hard for countries like France and Denmark to accept, according to officials with knowledge of the discussions.

    With only nine days left before the U.K. leaves the single market and customs union — with or without an agreement — there are few signs a deal is within reach. Without an agreement on how much fish EU boats will be allowed to catch in British waters, the wider accord risks collapse.

    But it’s not as simple as just the raw numbers, which is why, as the two sides continue to talks, a compromise still isn’t out of the question.

    Bloomberg Quicktake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Brexit

    Brexit is the name given to the United Kingdom’s exiting the European Union, which happened on 31 January 2020, following a narrow “Leave” referendum result in a June 2016 vote on EU Membership which took place in the country. News items related to Brexit are posted, below, chronologically, with the most recent items at the top, from a variety of outlets.

    3 Recent Items: Brexit

  • Historic British shoemaker faces Brexit’s hidden costs
  • Broad-Based Media Recovery in 2021: WPP CEO
  • Business confidence: Industry bosses slate ‘last-minute decisions’
  • In This Story: Denmark

    Denmark, officially the Kingdom of Denmark, is a Nordic country in Northern Europe.  The capital is Copenhagen. Denmark proper, consists of a peninsula, Jutland, and an archipelago of 443 islands.

    The Kingdom of Denmark comprises Denmark proper and the two autonomous territories in the North Atlantic Ocean: the Faroe Islands and Greenland. Home rule was established in the Faroe Islands in 1948; in Greenland home rule was established in 1979 and further autonomy in 2009.

    Denmark has highly developed mixed economy. Denmark became a member of the European Economic Community (now the EU) in 1973, but negotiated certain opt-outs; it retains its own currency, the krone. It is among the founding members of NATO, the Nordic Council, the OECD, OSCE, and the United Nations; it is also part of the Schengen Area. Denmark has close linguistic ties to its Scandinavian neighbours.

    2 Recent Items: Denmark

  • Dutch and Danish police clash with anti-lockdown rioters
  • The Children’s Cartoon Character With a Long Penis That Can Operate a Barbecue | This Morning
  • In This Story: France

    France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

    6 Recent Items: France

  • Thousands flee violence in Central African republic
  • IMF boosts economic forecast on vaccine optimism
  • Drug firms ‘must deliver’ on Covid-19 vaccine obligations, EU chief says
  • UK first in Europe to pass grim milestone of 100,000 Covid-19 deaths
  • European Union on Palestinian Elections – Security Council Media Stakeout (26 January 2021)
  • Biden Pressed Putin on Arms Control Treaty, Navalny in First Call, Psaki Says
  • Leave a Comment