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‘Mission Impossible’ – Tight Brexit Timeline Unsettles Germans

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German Chancellor Angela Merkel and fellow European leaders are pressing the new British government to trigger divorce proceedings with the European Union as soon as possible.

But behind the scenes, senior German officials who spoke to Reuters on condition of anonymity due to the sensitivity of the issue, say they fear a swift move by London to invoke Article 50 of the EU treaty risks creating an impossibly short window for negotiating Britain’s departure.

Further complicating the task, EU leaders have rejected the possibility of any negotiations before Britain moves on Article 50, a step which would start a two-year countdown to Brexit.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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