On Brexit, Spain said it will vote against the Brexit deal as it looks now, notes the research team at Danske Bank.
Key Quotes
“Spain cannot block the agreement in itself as it ‘only’ requires a strong qualified majority, i.e. 72% of the 27 member states (i.e. 20 member states) representing 65% of the EU27 population.”
“Spain accounts for slightly more than 10% of the EU27 (and represents only one member state). Therefore, it cannot block the deal alone, as it would mean 96.3% of the EU member states, representing nearly 90% of the EU27 population vote in favour of the deal.”
“Sources suggest that a lengthier document on the future relationship may not be published before the Sunday after the EU’s approval of the text.”
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