Brexit Talks Hit Last-Minute Snag as France Threatens to Veto Bad Deals

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:

  • Myanmar Protest: About 1,000 Demonstrate Against Military Outside UN Office
  • Hong Kong Pro-Democracy Activists Face Trial For Unauthorized Assembly
  • Biden Returns to White House from Camp David on Presidents Day
  • Bloomberg Quicktake: Now published this video item, entitled “Brexit Talks Hit Last-Minute Snag as France Threatens to Veto Bad Deals” – below is their description.

    Brexit trade talks that were on the verge of a breakthrough descended into a fight between the U.K. and France as the British government said the prospects of an imminent deal had receded.

    With negotiators working around the clock in London, optimism had been growing for days that an agreement could be struck this weekend. But British officials said the European Union had suddenly turned up with a new set of demands on Thursday, sending the talks backward. They didn’t say what the demands were, and EU officials denied it.

    The U.K.’s assessment came after French diplomats raised concerns a day earlier that the EU was making too many concessions to get a deal over the line. On Friday, France’s European Affairs Minister, Clement Beaune, reiterated his government will veto any deal if it isn’t in the national interest.

    One U.K. official said talks had taken a big step backward because the EU had hardened its position in response to the French. Another said that, despite the setback, a breakthrough is still possible in the next few days.

    Ireland’s Prime Minister, Micheal Martin, said that he is hopeful a deal will emerge over the weekend.

    Senior figures close to the European side questioned whether the remarks from the U.K. were another case of brinkmanship to pile last-minute pressure on the talks, or an effort to disguise the fact that the British themselves are making concessions.

    One official said that fundamental differences between the two sides have persisted for weeks, but that hadn’t prevented both sides believing a deal was close, while another insisted the bloc hadn’t made new proposals.

    The spat sets the scene for a potential call between Prime Minister Boris Johnson and European Commission President Ursula von der Leyen.

    Michel Barnier, the EU’s chief negotiator, will now remain in London on Friday for a full day of negotiations. Earlier, he had planned to return to Brussels to consult with von der Leyen and diplomats from member states, an EU official said. The ambassadors won’t be briefed on Brexit today, a spokesman for the presidency said.

    It’s not unusual for assessments of the likelihood of a deal to gyrate wildly in the final days of a negotiation as both sides try to make the other blink. Nonetheless, French concerns and U.K. red lines are genuine, officials said.

    French President Emmanuel Macron is determined that his fishing industry won’t lose a big part of its access to British fishing waters and wants British businesses to be tied to strict rules on state aid and labor standards so they don’t have what he sees as an unfair advantage.

    “If there is a deal which is not good,” Beaune told Europe 1 radio, “then we would oppose it. We always said so.”

    Equally, Johnson sees reclaiming control of fishing waters and being free to set his own rules as a matter of national sovereignty, and that was the point of Brexit.

    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

  • Jersey: French fishermen caught up in post-Brexit bureaucratic storm
  • Opinion: David Allen Green: the Northern Ireland Protocol
  • Why the City needs to diverge from the EU and seek new markets | Analysis
  • In This Story: Emmanuel Macron

    Emmanuel Jean-Michel Frédéric Macron is a French politician who has been President of France and ex officio Co-Prince of Andorra since 14 May 2017. In the legislative elections a month later, Macron’s party, renamed “La République En Marche!” (LREM), secured a majority in the National Assembly. At the age of 39, Macron became the youngest president in French history.

    Books #Ad

    4 Recent Items: Emmanuel Macron

  • France mulls ‘vaccine passports’ for the age of post-Covid travel
  • G5 Sahel summit: Macron, regional leaders discuss jihadist insurgency
  • G5 Sahel summit: France to meet regional leaders as it mulls troop drawdown
  • Macron floats settling Boeing, Airbus dispute: Source
  • 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

  • Covid-19: Is China’s vaccine diplomacy working?
  • Myanmar police file additional charge against Aung San Suu Kyi
  • Macron urges expanded anti-terror fight, government control in Sahel
  • Israel to ease Covid-19 restrictions, launch leisure ‘Green Pass’
  • Central African Republic violence: Militia leaders on trial for 2013-2014 attacks
  • France mulls ‘vaccine passports’ for the age of post-Covid travel
  • In This Story: Michel Barnier

    Michel Bernard Barnier is a French politician serving as the European Commission’s Head of Task Force for Relations with the United Kingdom since November 2019.

    2 Recent Items: Michel Barnier

  • Michel Barnier: ‘There was never a spirit of revenge’ in Brexit talks
  • EU & UK let Brexit trade deal sink in: Win-win or lose-lose? | DW News
  • Leave a Comment