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The EU Is Putting Boris Johnson in a Dangerous Corner

From bnnbloomberg.ca

Like so many Brexit moments that are telegraphed as decisive, Boris Johnson’s Oct. 15 deadline for a trade deal came and went. That the two sides are still talking points to the core fact of this negotiation: It’s in both of their interests to find agreement. That doesn’t mean a trade deal is guaranteed. As with negotiations during Theresa May’s time as U.K. prime minister — which produced a Withdrawal Agreement that British lawmakers found too humiliating to swallow — the danger for the European Union is that it plays its hand too well. If Boris Johnson finds the political cost of accepting Europe’s terms outweighs ... (full story)

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  • Category: Fundamental Analysis