EU's Juncker Thinks Brexit Deal Can Be Reached by Oct. 31
Comment of the Day

September 19 2019

Commentary by Eoin Treacy

EU's Juncker Thinks Brexit Deal Can Be Reached by Oct. 31

This note by Nathan Crooks for Bloomberg may be of interest to subscribers. Here is a section:

European Commission President Jean-Claude Juncker thinks a Brexit deal can be reached by Oct. 31, Sky News reported, citing an interview to be broadcast on Sunday.

Juncker warned that a no-deal Brexit would be “catastrophic” for Britain and the EU

“I’m doing everything to have a deal, because I don’t like the idea no deal,” he said, declining to specify if the chance of reaching a deal was above or below 50%

“If the objectives are met, all of them, then we don’t need the backstop”

Eoin Treacy's view

The only way to get close to what you want in a negotiation is to make your counterparty believe you are willing to walk away. It is still uncertain whether Boris Johnson has achieved that goal but the odds are looking up.

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