I guess TM's appearance before EU leaders last night did not go down so well... ...and Rutte and Merkel were the most benevolent leaders towards May's plight. Others have written off the UK entirely and are outright hostile to anything concerning the UK. This is how British leaders have turned an entire continent against them. Source: ft Theresa May’s attempt to rescue Brexit deal snubbed by EU leaders Theresa May’s attempt to rescue her Brexit deal ran into serious trouble in Brussels last night, after despairing EU leaders accused her of having no viable proposals to sell her plan to a hostile British parliament. The British prime minister, already wounded after more than a third of her MPs voted to oust her in a confidence vote, arrived at a European Council meeting to a warm reception from EU leaders who want to salvage the Brexit deal. But during an hour-long presentation, Mrs May succeeded in alienating many fellow leaders after making a series of ambitious proposals to appease her domestic critics, including a one-year time limit on the Irish backstop. After Mrs May left the room, many leaders were despondent. During more than two hours of talks over dinner, EU leaders agreed to scrap plans for a formal process to provide reassurances to Britain until Mrs May decided what she wants. “This debate is sometimes nebulous and imprecise,” said Jean-Claude Juncker, European Commission president. “When it comes to the future relationship, our British friends need to say what they want, rather than asking us what we want.” When it comes to the future relationship, our British friends need to say what they want, rather than asking us what we want Jean-Claude Juncker © AP Michel Barnier, EU chief Brexit negotiator, claimed that Mrs May was not seeking reassurances but was reviving old ideas rejected during Brexit negotiations. One EU diplomat briefed on the talks said Mrs May was “unprofessional”. Another EU diplomat claimed that there was even a suggestion that it might have been better if Mrs May had been ejected from Downing Street in this week’s abortive coup by Tory Eurosceptics. “She didn’t know what she wanted,” the diplomat said. Mrs May insisted during her presentation that she could change the “dynamic” at Westminster and overcome a wall of hostility in her ruling Conservative party towards her compromise plan. She urged the EU27 to offer a legal tweak that would, in effect, put a one-year time limit on the Irish backstop, which is seen by Eurosceptic MPs as a “trap” to keep the UK in a permanent customs union. But her presentation, which also included a suggestion that the non-binding political declaration on future UK/EU relations should be given a legal footing as an annexe to the legal withdrawal treaty, went down badly. “It was Salzburg all over again,” said another EU diplomat, referring to the acrimonious summit in September. While Mrs May battled to save her deal and her job in Brussels, Tory Eurosceptics called for her resignation, brushing aside the prime minister’s victory by 200 votes to 117 in Wednesday’s bruising vote of confidence. Brexit: can Theresa May rescue the deal? Mrs May was forced to abort a planned Commons vote on her Brexit deal this week, rather than face a heavy defeat, and now has a tough job to persuade the EU that she has realistic proposals to salvage it. Addressing a European Council dinner, Mrs May said: “There’s a majority in my parliament who want to leave with a deal. With the right assurances this deal can be passed. Indeed, it’s the only deal that can get through my parliament.” Sebastian Kurz, chancellor of Austria and current holder of the EU presidency, suggested that another EU summit on Brexit could be needed in January, although after last night’s dinner all preparations are on hold. In a sign of the concern among the EU27, draft summit conclusions were rewritten to remove the observations that the backstop did not represent a desirable outcome for the EU and would be in place only for a short period. Mrs May ‘didn’t get anything, basically’ EU diplomat Another paragraph, saying the union stood “ready to examine whether any further assurance can be provided” on the backstop, was cut entirely. One diplomat said that despite general goodwill towards Mrs May, she “didn’t get anything, basically”. Although Mrs May urged her colleagues to “trust my judgment”, faith in the British prime minister’s political nous has been badly shaken by recent events, especially her spectacular failure this week to persuade her own party to back her Brexit deal. To increase the pressure on Mrs May, the European Commission will prepare a raft of new contingency plans on December 19 for a “no deal” exit. At a tense meeting before the summit Leo Varadkar, Ireland’s prime minister, warned Mrs May against seeking any substantial changes to the backstop . Mrs May conceded that she was not expecting an “immediate breakthrough” at the two-day summit, as she prepares to present a revised deal to a hostile parliament ahead of a self-imposed deadline of January 21. Recommended Philip Stephens Theresa May’s last path to an orderly Brexit Number 10 insisted after last night’s meeting that the EU was privately insisting that talks on “reassurances” over the Irish backstop had not been ruled out. “We must get this right,” Mrs May said. “Let’s hold nothing in reserve. Let’s work intensively to get this over the line for the interests of all our people.” The summit has exposed a difference in tone among European leaders in their approach to Mrs May, with Mark Rutte, Dutch prime minister, and Angela Merkel, German chancellor, keen to work closely with Britain to secure an orderly withdrawal.
It is hardcore Bexitiers who are about to plunge the UK into an abyss. A no-deal will have fatal consequences for the UK.
No it's shortsighted pro-EU'ers that are destroying UK. UK is UK. It's GREAT Britain. It will ALWAYS be Great as long as it is autonomous and hard-working.
So you deny that a no-deal will have grave consequences for the UK and that a no-deal will have much more dire consequences for the UK than Europe? Then you contradict virtually every financial analyst and strategist in the universe. Guess whom we all should lend more credibility to, you, an anonymous blogger, or those who talk fact-based with decades of evidenced based work experience and results under their belt?
Volly, do u think there would be any consequences for any of European countries if there was a no deal Brexit? Also do u have any thoughts on the plunge in the euro today following the French PMI number? And German too?
Perhaps take a look at yen and us dollar crosses then that answers your question. See where European and US futures are currently trading? Short answer, RISK OFF
You really do have a problem with reading. I would go back to your German education system and ask for a refund. What do yen crosses have to do with no deal brexit consequences for European countries?
What yen crosses have to do with your question? You asked why the Euro is down. The simple answer is because all yen and usd crosses are weaker due to risk off. Get it now? Use that thing that has grown between your two ears mate.
No I didn't. I know why the Euro is down...I said in my post it was the eurozone PMI numbers! I just wanted to know your thoughts. And you didn't even answer the first question. To repeat, GET A REFUND, man!