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Brexit deal ‘potential’ in 6-Eight weeks if sides ‘real looking’ – Barnier

BLED, Slovenia (Reuters) – The European Union’s Brexit negotiator Michel Barnier informed a discussion board in Slovenia on Monday divorce cope with Britain could possibly be agreed in six to eight weeks if negotiators are real looking of their calls for.

FILE PHOTO: European Union’s chief Brexit negotiator Michel Barnier listens to a translation throughout a news conference in Brussels, Belgium July 26, 2018. REUTERS/Yves Herman/File Photo

“I think that if we are realistic, we are able to reach an agreement on the first stage of the negotiation, which is the Brexit treaty, within six or eight weeks,” Barnier informed the Bled Strategic Forum when requested by an interviewer.

“Taking under consideration the time vital for the ratification course of, the House of Commons on one facet, the European Parliament and the Council on the opposite facet … we should attain an settlement earlier than the start of November.

“I feel it’s potential.”

Although Barnier was cautious and confused that variations on the Irish border situation stay a severe sticking level, sterling jumped to a five-week excessive of $1.3052 GBP= on the report, up round 1 p.c on the day, and rose round zero.three p.c towards the euro EURGBP=D3.

Barnier has repeatedly stated that he desires a deal by November to make sure parliamentary ratification by March, when Britain should go away, with or with no deal. He has routinely stated that this timetable is a sensible one if negotiators discover compromises.

He confused that he and the EU had been “determined” to succeed in a deal, however stated he was neither optimistic nor pessimistic.

He declined to be drawn into arguments inside the British government over Prime Minister Theresa May’s proposals for an in depth association on customs and rules for items commerce, describing them with a smile as an “intense, stimulating debate”.

Writing by Alastair Macdonald in Brussels; Editing by Kevin Liffey

Our Standards:The Thomson Reuters Trust Principles.

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