UPDATE: “Don’t go to hell!” — European Union agrees to #Brexit DELAY

by The Right Scoop

Staring down the barrel of a “no deal” Brexit in just eight days, the European Union has just reached an agreement with the UK on a delay of the Brexit deadline.

Here’s what we know:

Here’s more from Bloomberg:

European leaders maneuvered to stop a chaotic no-deal Brexit happening next week, handing the U.K. an extra two weeks. The cliff-edge that investors were dreading has been postponed — but a new cliff-edge loom on April 12 when the U.K. will have to decide on the way forward.

The EU has offered the U.K. an unconditional delay to Brexit day, avoiding a crash-out scenario next week, according to the summit communique.

Britain has until April 12 to decide what next. If it gets the divorce deal passed, then the extension can last until May 22.

No-deal has been avoided, but another cliff-edge looms. Markets were getting edgy as the March 29 approached. The pound was flat.

I honestly don’t see how they are going to avoid a “no-deal” Brexit. They’ve had all year to figure how to pass a Brexit deal and they continue to be in gridlock. Heck, they’ve had three years really. What’s another two weeks going to do for them?

 
UPDATE: For those of you who click on this thread, I thought you might get a kick out of this:


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