EU summit readies for Brexit in May – or next week


(Worthy News) – EU leaders will tell Theresa May on Thursday she can have two months to organize an orderly Brexit but Britain could face a hugely disruptive ejection from the bloc next Friday if the prime minister fails to win backing from parliament.

The pound was under pressure as investors saw risks of a no-deal Brexit rising on signs of impatience among the European Union leaders who meet May for a 24-hour summit in Brussels.

EU diplomats said her request for a delay until June 30 seemed likely to be met by an EU preference for Britain to have completed formalities and begin a status-quo transition to departure before Europeans elect a new parliament from May 23. [ Source: Reuters (Read More…) ]

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