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Spanish, Dutch deny joint plan to hunt softer Brexit

AMSTERDAM (Reuters) – The Netherlands and Spain have not reached an settlement about how Britain ought to depart the European Union, a Dutch Finance Ministry official mentioned on Friday, denying an earlier report of a deal that drove sterling sharply increased.

Protesters wave the EU and Union flags exterior the Palace of Westminster, London, Britain, December 20, 2017. REUTERS/Peter Nicholls

Bloomberg reported earlier on Friday that the Spanish and Dutch finance ministers had agreed to work collectively for a softer Brexit settlement that maintains shut ties between the EU and Britain.

The Spanish finance minister met his new Dutch counterpart however no deal was reached, spokesman Coen Gelinck mentioned.

“There is nothing new here. They are well-known positions that were exchanged… We were there for a get-to-know-you meeting and we discussed the fact we both have strong ties with the U.K. and that it is in our interests that this is known,” Gelinck mentioned.

Spain’s financial system ministry additionally denied the report.

Spain and the Netherlands each assist the EU’s Brexit negotiator Michel Barnier, Gelinck mentioned.

Britain is because of exit the EU on March 29, 2019, however is making ready to debate the phrases of a two-year transition interval past that date with Barnier, who represents the pursuits of the opposite 27 EU member states within the Brexit negotiations.

Britain and the EU additionally goal to debate their future buying and selling relationship. Some within the UK government favour conserving shut ties with the EU, the nation’s greatest commerce associate, in what is called a “soft Brexit”, whereas others desire a clear break.

After the report, sterling traded up multiple p.c on the day at $1.3692, its highest degree because the Brexit referendum on June 24, 2016.

The foreign money plunged after Britons voted by a small margin to go away the EU.

Reporting by Anthony Deutsch, modifying by Gareth Jones

Our Standards:The Thomson Reuters Trust Principles.

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