EU, Britain making 'very limited' progress in talks: Merkel
Reuters
Published Jul 01, 2020 07:36AM ET
Updated Jul 01, 2020 08:10AM ET
BERLIN (Reuters) - The European Union and Britain have made "very limited" progress in negotiations about their future relationship, German Chancellor Angela Merkel said on Wednesday, adding there was still a possibility that no deal would be agreed.
"Progress in talks is, to put it cautiously, very limited," Merkel told parliament during a Q&A session.
"We have agreed with Britain to speed up the talks in order to seal a deal in autumn that must be ratified by the end of the year," she said but added that Germany and the EU "must be prepared... for the possibility that a deal doesn't materialise."
Britain left the bloc on Jan. 31. A transition period, during which Britain remains in the European single market and customs union, expires on Dec. 31 and pressure is mounting to agree a free trade deal before then.
With the two sides still far apart, a round of "intensified negotiations" is scheduled for this week.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.