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May Still Seeking a Painless Brexit

By Sara Patterson
Sara Patterson has a Master’s Degree in political science and enjoys analyzing both current events and the international markets to get a fuller perspective of the currency market. Before turning to financial writing, she taught English writing skills to high-school age students. Sara’s work has been published on various financial and Forex blogs.

Irish prime minister Leo Varadkar is meeting with the European council president Donald Tusk just ten days ahead of a possible no-deal Brexit. The meeting comes after the British MP John Bercow stated that the government shouldn't bring the same proposal for another vote in the House of Commons if substantial changes were not made to it.

"This is my conclusion: if the government wishes to bring forward a new proposition that is neither the same, nor substantially the same, as that disposed of by the House on the 12th of March, this would be entirely in order," said Bercow on Monday. "What the government cannot legitimately do is to resubmit to the House the same proposition or substantially the same proposition as that of last week which was rejected by 149 votes," he added, thus blocking any chance of a third vote for the moment.

Theresa May is expected to defy Bercow's statement on an upcoming press conference, or, at least, this is what her Brexit secretary Stephen Barclay suggested on recent statements. May is also expected to propose a Brexit deadline extension on the upcoming EU summit but would need approval from all the 27 members of the group, a detail that increases uncertainty.

The Irish, on the other hand, have been signaling their desire to remain part of a strong, united Europe, and they’ve gotten public expressions of solidarity from other EU members.

In a St. Patrick's Day party celebrated this past Sunday in Brussels, Irish Foreign Minister Simon Coveney expressed the Irish gratefulness towards the EU solidarity.

“I do want to take a short opportunity to recall our appreciation for the solidarity of EU partners,” he said in a brief statement.

It's still not clear how the Brexit saga will end; it's only known that the chances of a no-deal Brexit are higher than ever, unless May somehow manages to advance her agenda.

Sara Patterson
About Sara Patterson
Sara Patterson has a Master’s Degree in political science and enjoys analyzing both current events and the international markets to get a fuller perspective of the currency market. Before turning to financial writing, she taught English writing skills to high-school age students. Sara’s work has been published on various financial and Forex blogs.
 

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