Market news
05.09.2019, 09:59

EU officials: Recent negotiations with UK is not going to lead anywhere - Reuters reports

  • Negotiations with David Frost are a waste of time
  • Barnier told EU 27 that Johnson is undermining Ireland's position on backstop
  • Barnier told EU 27 that UK risks crashing out without a deal by accident or by default
  • UK idea for a Brexit deal is a "heroic" assumption
  • Hard to see any Brexit deal passing in UK parliament currently
  • UK idea that EU 27 will eventually cave in is wrong
  • Ireland has maintained stance that cannot replace backstop with vague, non-binding and unclear commitments from the UK

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