SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 17 Apr, 2019  

brexitTHMB.jpg No Brexit extension beyond Oct 31, says EU's Juncker

Brexit.9..jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 17 Apr, 2019
The European Union is not likely to extend the Brexit negotiation period beyond the current - and already delayed - date of October 31, EU Commission President Jean-Claude Juncker said on Tuesday.

The Luxembourg politician told a European Parliament plenary that if the UK government fails to ratify the withdrawal deal -- an almost 600-page document negotiated with the EU -- before October 31 then it would crash out in a so-called hard Brexit.

He warned that the UK must also prepare to take part in upcoming European parliamentary elections or face an earlier exit than scheduled, Efe news reported.

"If the UK is a member on May 23, it must organize European elections, if it does not do so and the withdrawal deal is not ratified by May 22, the extension ends on May 31," he said, adding that the stipulation was founded on a legal basis.

The European Parliament becomes illegal if a member state fails to run in the elections and therefore has representation in the chamber. The UK has 73 MEPs.

Juncker said the UK government led by Prime Minister Theresa May could revoke Article 50 of the Lisbon Treaty, the mechanism that officially notified the EU of its intention to leave, if it wishes.

May's deal has been shot down in the House of Commons, the UK's lower chamber of Parliament, three times. The Conservative leader was engaged in talks with the opposition Labour Party leader Jeremy Corbyn in a bid to strike a consensus that would command a parliamentary majority.

European Council President Donald Tusk said the UK should not be treated as a "second-class" member state during the extension period. "I am strongly opposed to the idea that during this further extension the UK be treated as a second category member state."

"I also advised members of the chamber not to let Brexit-fatigue affect their judgment.

"I know that on both sides of the channel everyone, including myself, is exhausted with Brexit. However, this is not an excuse to says 'let's just get this over with because we are tired'.

"We must continue to deal with Brexit with an open mind and in a civilized manner. Because whatever happens we are bound by common fate and want to remain friends and close partners in the future," Tusk added.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter