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Ireland’s Coveney: Delay to Brexit if UK wants a new deal - BBC

Speaking to Irish national broadcaster RTÉ on Monday, the Irish Foreign Affairs Minister Simon Coveney noted that Brexit may have to be delayed if the UK submits an "entirely new" proposal on its withdrawal from the EU, BBC reports.

Coveney added that the UK may have to rescind its Brexit notification "for the moment" if that happened.

Additional Comments:

"She wasn't snubbed and it wasn't a victory - the EU is simply holding a consistent position.

We have an agreement that Theresa May has signed up to and the British government have supported as well and 27 other governments have supported.

Theresa May is not looking to reopen that withdrawal agreement or the future relationship declaration that was signed off a few weeks ago.

What she has been looking for is clarifications around the use of the backstop."

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Annette Beacher, chief Asia-Pacific macro strategist at TD Securities, points out that Australia’s Mid-Year Economic and Fiscal Outlook (MYEFO) reveal
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