Search ForexCrunch

Deutsche Bank analysts suggest that EU is surrounded by internal & external challenges, with its leaders increasingly divided, and its integrity and credibility challenged by Eurosceptic and anti-European groups across the continent, as we head towards the May 23-26 European Parliamentary elections.

Key Quotes

“An extension of Article 50 could push Brexit date close to or even beyond European elections. Under EU treaties the UK would then be required to participate in the vote.”

“The implications for the next EP – both if the UK agreed and refused to hold elections – could bear risks for the unanimity required in the European Council for an extension of Article 50 beyond the election date.”