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The European Commission is preparing specific and very narrowly focused contingency plans to prepare for the possibility of a no trade deal Brexit, EU Financial Services Commissioner Mairead McGuinness said today.<\/p>\nThe European Commission is preparing specific and very narrowly focused contingency plans to prepare for the possibility of a no trade deal Brexit, EU Financial Services Commissioner Mairead McGuinness said today.<\/p>\n
“Today we are preparing contingency plans, very specific and very narrowly focused to make sure that in the event of a ‘no-deal’ that those sectors that are vulnerable, transport, aviation, etc., that specific plans are put in place to maintain connectivity,” McGuinness told the D\u00e1il committee.<\/p>\n
“I’m not very confident from the speech made by the British prime minister in the House of Commons today.<\/p>\n
“I think there is a failure to understand, which perhaps is a failure of Brexit at the very outset, if you choose to leave, there are consequences, particularly where that country wants to stay part of the single market,” she added.<\/p>\n
Later today, UK prime minister Boris Johnson is due to meet with Commission President Ursula von der Leyen having already spoke on the phone on Monday.<\/p>\n
Today has been set as the EU’s deadline for Brexit negotiations despite major sticking points remaining between the two sides, particularly regarding fisheries.<\/p>\n
Earlier this week, Minister for Foreign Affairs Simon Coveney said the tone of talks had become “downbeat”, adding a reported breakthrough on fishing had not occurred despite rumors on social media.<\/p>\n
Mr Coveney said negotiations “seemed stalled” but at that point said there was still time to strike a deal. – Thomson-Reuters<\/em><\/p>\nShare this:<\/h3>