All eyes on EU Leaders’ Summit - TDS

Research Team at TDS, suggests that the focus will be on the EU Leaders’ Summit this evening.

Key Quotes

“The summit will see David Cameron coming in as the lame duck PM whose country just thumbed its nose at the rest of the EU; he in fact will be excluded from the second day of the summit as the other 27 leaders discuss the fallout from Brexit.

This past weekend’s meeting of Foreign Ministers from the original 6 EU members as well as Juncker’s statement from Friday suggested that the EU wants to begin divorce proceedings as soon as possible, while German Chancellor Merkel said that the talks “must be conducted properly.” The tone from this summit may give us a better idea  of just how difficult the UK’s negotiations will be once Article 50 is triggered, and how likely it is that the EU would be willing to grant an extension to the two-year deadline.

Today is also the second day of the ECB’s Conference in Sintra, Portugal, with panels featuring Coeuré and Praet, among others.”