European Union Prepares for Potential Brexit
The European Union insists on a swift divorce should U.K. voters approve a referendum in June to leave the 28-member bloc.
Two sources speaking with Reuters implied that the possible “Brexit” from the EU left no appetite to grant an extension on a two year negotiation process for withdrawal.
Furthermore, new trade partnership negotiations could take years to conclude.
The Brussels preparing Britain with its biggest trade partner, though market access before a potential exit from the EU.
But the work being down now is not in speculation, but simply preparation.
Should the U.K. vote to leave the EU two months from now, the European Commission is already prepared to hold a special meeting to set their own strategy moving forward.