On March 29th 2019, two years will have
passed since the United Kingdom notified the EU of its intention to
withdraw from the European Union. As it stands, the UK will then become a
third country and cease to be a member of the EU.
With the deadline getting closer, it is
still extremely difficult to predict which one of the four possibilities
will materialise: (1) the UK exits based on a withdrawal agreement, (2)
the UK exits without any agreement signed, and the exit is therefore
disorderly, (3) the UK asks for an extension period, or (4) the UK
unilaterally revokes its Article 50 notification and chooses to remain
in the EU. After this week’s decision of the British House of Commons, a
no-deal Brexit sounds like a more likely scenario.
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