Brexit Blowout Looms

Oct. 8, 2019 (EIRNS)—Sterling dropped against the dollar today, with British media reporting that Brexit talks were close to dead. Oct. 31 is the deadline for Britain’s withdrawal from the EU.

Sky News reported that German Chancellor Angela Merkel made it clear to U.K. Prime Minister Boris Johnson in a phone conversation that a deal for Brexit is now “overwhelmingly unlikely,” citing a Downing Street source. Meanwhile, the BBC said a government official said the EU had not shown a desire to “budge one centimeter” since Johnson submitted new proposals to Brussels last week, and that a Brexit deal is “essentially impossible” after the call between BoJo and Angela Merkel. President of the European Council Donald Tusk sent a public tweet to Johnson, writing: “What’s at stake is not winning some stupid blame game. At stake is the future of Europe and the UK as well as the security and interests of our people.”