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French PM warns of 'no-deal' Brexit risk
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SME Times News Bureau | 15 Nov, 2018
French Prime Minister Edouard Philippe on Thursday cast doubt on the
possibility to ratify a draft Brexit deal after a series of resignations
by ministers made hard for British Prime Minister Theresa May to sell
the divorce accord with the EU.
"The current political situation
in Britain fuels uncertainty over the ratification of the accord,"
Philippe said during a visit to Dunkirk, Xinhua news agency reported. "Nothing
allows us at this stage to know if the agreement ... will ultimately be
adopted. Therefore, we must be prepared for the hypothesis of a no-deal
exit, which is still on the table and that we do not wish," he added.
Late
on Wednesday, May said she won the backing of her senior ministers for
the draft EU withdrawal deal which represented a technical breakthrough
after months of tense negotiations between Britain and the EU on how
London can leave the regional bloc on March 29 next year.
Hours
later, Brexit Secretary Dominic Raab and Work, Pensions Minister Esther
McVey, as well as two junior ministers quit, saying they could not
support the draft deal. Their departure plunged Britain into a political
crisis in which May could lose her leadership.
The British Prime Minister was set to speak in the Parliament later on Thursday to sell the new "divorce deal".
Meanwhile,
German Chancellor Angela Merkel said she saw no reason for further
Brexit negotiations with the UK given that the draft proposal on the
country's withdrawal from the EU had already been approved by both
sides.
Speaking at a ministerial meeting on digitalization in
Potsdam, Merkel expressed her full confidence in the EU's chief Brexit
negotiator Michel Barnier.
"We have a document on the table
approved by the UK and the 27 remaining members of the EU," said Merkel,
the current leader of the conservative Christian Democratic Union
party, which governs in coalition with the Social Democrats.
"The
worst and most disorderly case would be precisely if we had no deal and
we have to take this alternative into account and ask whether what we
have now is a foundation, and for that reason I hope it is a
foundation," she added.
The EU has called an extraordinary Brexit summit for November 25.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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