• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 1, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

EU Chief Negotiator unsure of Brexit deal

December 2, 2020
thevaultzby thevaultz
in Europe
0
EU Chief Negotiator unsure of Brexit deal

A trade deal between EU and UK is yet to be agreed upon. Image: Euronews

The EU Chief Brexit negotiator, Michel Barnier has admitted he cannot guarantee the bloc will strike a trade deal with Britain, adding that the next few days will be crucial for the fate of the negotiations.

In a closed-door meeting of Members of European Parliament (MEPs), where he briefed both EU ambassadors and parliamentarians after 28 consecutive days of talks, he also warned the UK that a deal needs to be reached by the end of this week.

“I sincerely do not know if we can reach for a deal,” Barnier said, according to a transcript of the meeting.

“The coming hours and days will be decisive. We are quickly approaching a make-or-break moment in the Brexit talks.

“Intensive negotiations are continuing in London, but as of this morning it is still unclear whether negotiators can bridge the gaps on issues like level playing field, governance and fisheries”

David McAllister, an MEP from German Chancellor Angela Merkel’s party, cautioned, “We are under time pressure.”

RelatedPosts

Poland To Temporarily Reinstate Border Controls With Germany And Lithuania

EU Trade Commissioner To Visit US For Trade Talks

Southern Europe Swelters Under Brutal Heatwave

Angela Merkel had indicated earlier that, with time running out, some EU countries are growing impatient.

“We hope that the negotiations will have a good end,” she said. “We don’t need a deal at any price and we have made this clear… A deal is in everyone’s interest.”

  •  Brexit trade deal ‘still possible’ though ‘late’

The meeting came after some diplomats expressed concern that Barnier’s negotiating team might be offering the British government too many compromises, a claim the Chief Negotiator refuted.

“There’s an objective difference between a member state and a third state. That’s what Brexit is. It has consequences.”

barnier
EU Chief Brexit negotiator, Michel Barnier. Image: AP

EU officials are worried that offering the UK a “zero-tariff, zero quota deal without a commitment on minimum standards” would lead to “dumping” and undermine the bloc’s single market.

Barnier and his British counterpart, David Frost, have been at loggerheads for months over key points that include unfair competition rules, policing any future deal and fishing rights.

EU diplomats told reporters that there had been “some progress” on these issues, but that “a deal hangs in the balance.”

Both negotiating teams have been locked in intensified negotiations over the past four days in another bid to break the deadlock.

Talks will continue until the end of the week when Barnier and European Commission officials will review progress once more.

  •  Next days ‘decisive’ for hopes of Brexit deal

A no-deal Brexit would mean that the UK and EU fall back on rules set for international trade by the World Trade Organization. It means tariffs will be slapped on goods sold and extra customs checks at major ports across the UK and in northern Europe.

One EU diplomat told reporters that Barnier should not sign a rushed deal, even if it means a period of trade without an agreement.

“There is a worry that because of this pressure of time there is a temptation to rush,” the diplomat said after a briefing by negotiator Michel Barnier for the 27 member states’ envoys in Brussels. “We told him: don’t do that.”

Please login to join discussion
Previous Post

Government underinvests in Agriculture sector from ABFA fund- ACEP

Next Post

Ghana loses over US$90 billion to corruption- Abdul Moomin Gbana

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Communication Minister Engages MTN Over Data Price Glitch and Delays
General News

Communication Minister Engages MTN Over Data Price Glitch and Delays

July 1, 2025
Kepa Arrizabalaga
Uncategorized

Arsenal Signs Kepa from London Rival

July 1, 2025
Hamza Suhuyini Sayibu, President, GBA
General News

Why Hasn’t GBA Sued Over Chief Justice Suspension?

July 1, 2025
President John Dramani Mahama
General News

Mahama Calls for National Unity, Moral Renewal at Muslims’ National Day of Prayer

July 1, 2025
Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating
Banking

Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating

July 1, 2025
Gas Flaring Waste
Extractives/Energy

Nigeria’s Gas Production Dips in May, Fuel Supply Drops to 62% 

July 1, 2025
Communication Minister Engages MTN Over Data Price Glitch and Delays
General News

Communication Minister Engages MTN Over Data Price Glitch and Delays

by Silas Kafui AssemJuly 1, 2025
Kepa Arrizabalaga
Uncategorized

Arsenal Signs Kepa from London Rival

by Evans Junior OwuJuly 1, 2025
Hamza Suhuyini Sayibu, President, GBA
General News

Why Hasn’t GBA Sued Over Chief Justice Suspension?

by Silas Kafui AssemJuly 1, 2025
President John Dramani Mahama
General News

Mahama Calls for National Unity, Moral Renewal at Muslims’ National Day of Prayer

by Evans Junior OwuJuly 1, 2025
Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating
Banking

Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating

by Stephen M.CJuly 1, 2025
Gas Flaring Waste
Extractives/Energy

Nigeria’s Gas Production Dips in May, Fuel Supply Drops to 62% 

by Prince AgyapongJuly 1, 2025
Communication Minister Engages MTN Over Data Price Glitch and Delays
Kepa Arrizabalaga
Hamza Suhuyini Sayibu, President, GBA
President John Dramani Mahama
Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating
Gas Flaring Waste
[/vc_row_inner]

Recent News

  • Communication Minister Engages MTN Over Data Price Glitch and Delays
  • Arsenal Signs Kepa from London Rival
  • Why Hasn’t GBA Sued Over Chief Justice Suspension?
  • Mahama Calls for National Unity, Moral Renewal at Muslims’ National Day of Prayer
  • Hubtel Dominates 2025 Digital Innovation Awards with Four Major Wins Celebrating
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.