British Premier Theresa May Meet the Taoiseach Leo Varadkar is in Brussels (12/13/2018) - Photo by UK Government Office

JAKARTA (TheInsiderStories) –  European leaders rejected to renegotiated the United Kingdom (UK) Prime Minister Theresa May’ British exit (Brexit) withdrawal deal. On Tuesday (01/29), British parliament voted to send May to Brussels to remove the so-called backstop clause.

But the rejection of the EU, according to May as an opportunity to prevent the UK from leaving the European Union (EU) without a deal. Yesterday, European Council President Donald Tusk comments, “The withdrawal agreement is not open for renegotiation.”

While, European Commission President Jean-Claude Juncker addressed the European Parliament also send a messaged that the withdrawal agreement would not be renegotiated. May has promised will head to Brussels to face EU and renegotiate about the threat of economic chaos in her country after Brexit controversial agreement by Parliament.

Although May has found a way to get a majority vote, May requires them to remain a member of the pro-Brexit parliament which has so far shown little interest in compromise. Either they have to bow, or the EU must agree to return to the agreement. And now, UK has eight weeks until he leaves the EU.

The EU themselves is serious about refusing to reopen the deal, though that doesn’t mean it won’t offer May anything. Diplomats say there are a variety of options for agreements that could lie alongside the deal and could even be legally binding.

For example, an obligation for the bloc to prove it’s making its best efforts to negotiate a post-Brexit trade deal. Diplomats acknowledge this might not be enough for UK politicians.

Tusk left the door open to changes to the non-binding declaration on future relations, if the UK changes its red lines. Among the conditions May has refused to give up are a refusal to be part of EU’ customs union or accept free movement of people.

He said the EU would consider a delay to Brexit day, currently March 29, “taking into account the reasons for and duration”. May herself hasn’t ruled out an extension, but at least for now she’s sticking to the plan to leave on time.

Unless May and the EU can agree on a compromise – and get it through the British and European parliaments – the UK will tumble out of the bloc without a deal.

That would risk a recession in Britain and a hit to house prices and the pound, according to authorities in the UK. Companies are already stockpiling everything from medicine to manufacturing components.

The latest, the Pound exchange rate fell, which is a sign that the Brexit controversy will threaten Britain’s domestic economic stability

In a series of votes on Tuesday (01/29) evening, the House of Commons chose to dispatch May with a mission to change the so-called Irish backstop section of the Withdrawal Agreement she spent 18 months stitching together.

Members of Parliaments insisted on refusing to leave the EU without consent, which caused panic among executives and several ministers in May’s administration. Business Minister Richard Harrington said many ministers such as him would resign if May failed to compromise with the EU and chose to leave the agreement within two weeks.

According to him, the exit of Britain from the EU is not a crime, but that economically, Britain must get out of the pressure of financial disasters that are getting worse. Now, the Government and Parliament are still going round in circles when businesses and the public urgently need answers.

The real-world result of Westminster’s interminable wrangling is market uncertainty, stockpiling, and the diversion of staff, money and investment. The Conservative party has been accused of tearing up the “Good Friday Agreement” by seeking changes to the Brexit withdrawal agreement.

The Good Friday Agreement is a binding international agreement signed in 1998 and helped end more than three decades of violence in Northern Ireland.

Written by Daniel Deha, Email: theinsiderstories@gmail.com

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