UK and EU call in leaders to save trade talks
The Brexit talks got on the wire, and leaders of the UK and the European Commission broke the impasse on Saturday (December 5th).
Talks were suspended on Friday to bring in Prime Minister Boris Johnson and Ursula von der Leyen to help narrow the gaps.
Chief negotiator Michel Barnier was non-committal as he prepared to board the train back to Brussels.
"Good morning, we keep calm as always and if there is still a way we will see."
Months of negotiations have barely focused on the three most sensitive issues: fishing rights, guarantees of fair competition, and ways to resolve future disputes.
But neither side has gone away, showing that there are still hopes of reaching a deal.
It's about nearly a trillion dollars worth of trade.
Fishing accounts for less than 1 percent of UK GDP, but for Brexit supporters it is a symbol of sovereignty.
The UK officially left the EU at the end of January, but is currently in a transition phase. If no agreement is reached, a messy divorce threatens by the end of the year, just as it and the rest of Europe are grappling with the enormous cost of the pandemic.
Talks turned sour on Thursday when a UK government source said the EU had cut talks by trying to force further concessions and France warned it could rebel.
A no-deal Brexit is a nightmare scenario for businesses and investors who say it growls borders, scares financial markets, and instills havoc through supply chains.
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